{"id":445341,"date":"2018-02-20T14:23:02","date_gmt":"2018-02-20T14:23:02","guid":{"rendered":"http:\/\/www.moldova.org\/en\/?p=445341"},"modified":"2018-02-20T14:23:02","modified_gmt":"2018-02-20T14:23:02","slug":"2017-eu-almost-equals-cis-individual-money-transfers-moldova","status":"publish","type":"post","link":"https:\/\/www.moldova.org\/en\/2017-eu-almost-equals-cis-individual-money-transfers-moldova\/","title":{"rendered":"2017: EU almost equals CIS at individual money transfers to Moldova"},"content":{"rendered":"Reading Time: <\/span> 2<\/span> minutes<\/span><\/span>

The National Bank of Moldova (NBM) published the report<\/a> on the individual money transfers from abroad to Moldova in 2017. NBM reports that around 1199 million USD were sent to individuals in Moldova.<\/p>\n

Some 85,2% of the money was transferred via money remittance systems (USD, EUR or RUB). The currency structure of money transfers (recalculated in USD) was as follows: USD – 570,54 million, EUR – 522,37 million, RUB – 94,40 million and other currencies – 12,66 million.<\/p>\n

The National Bank noticed a continuation of the downward trend of transfers from the CIS countries, while the EU transfers increased by 20,3% compared to 2016.<\/p>\n

\"\"

Dynamics of transfers from CIS and EU in to of individuals (2012 – 2017 annual dynamics; 2017 monthly dynamics), %<\/p><\/div>\n

Money transfers from other states (except for the CIS and the EU) totaled 30,7 percent in 2017:<\/p>\n

\"\"

Structure of net transfers of funds from abroad to individuals by geographic areas, 2017 %, bnm.md<\/p><\/div>\n

96,2% of the CIS transfers originated in Russia.<\/p>\n

Within the money transfers from the EU countries, Italy accounts for the largest share of 34,9 percent, being followed by the United Kingdom (14,0 percent), Germany (13,9 percent), France (8,1 percent), Spain (3,3 percent), Ireland (3,0 percent), Poland (2,8 percent), Czech Republic (2,6 percent), Portugal (2,5 percent), Romania (2,4 percent), Belgium (2,1 percent), Cyprus (1,8 percent) and Greece (1,3 percent).<\/p>\n

Moldovan remittances still heavily rely on the Russian market: 402,63 million USD (or 33,6% of money transfers) originated in Russia. Other leading remittance sources are: Israel – 17,1 percent (205,02 million), Italy – 12,0 percent (143,83 million), the USA – 7,9 percent\u00a0 (95,13 million), United Kingdom – 4,8 percent (57,88 million), Germany – 4,8 percent (57,56 million), France – 2,8 percent (33,60 million), Turkey – 1,3 percent (15,30 million) , Spain – 1,1 percent (13,74 million), Ireland – 1,0 percent (12,31 million).<\/p>\n

\"\"

Dynamics of money transfers (top three states) to individuals (2012 \u2013 2017 annual; 2017 monthly), %, Source: bnm.md<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

Reading Time: <\/span> 2<\/span> minutes<\/span><\/span>The National Bank of Moldova (NBM) published the report on the individual money transfers from abroad to Moldova in 2017. NBM reports that around 1199 million USD were sent to individuals in Moldova. Some 85,2% of the money was transferred via money remittance systems (USD, EUR or RUB). The currency structure of money transfers (recalculated […]<\/p>\n","protected":false},"author":6,"featured_media":445340,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[35],"class_list":["post-445341","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","tag-important"],"content_social_share":"Reading Time: <\/span> 2<\/span> minutes<\/span><\/span>

The National Bank of Moldova (NBM) published the report<\/a> on the individual money transfers from abroad to Moldova in 2017. NBM reports that around 1199 million USD were sent to individuals in Moldova.<\/p>\n

Some 85,2% of the money was transferred via money remittance systems (USD, EUR or RUB). The currency structure of money transfers (recalculated in USD) was as follows: USD – 570,54 million, EUR – 522,37 million, RUB – 94,40 million and other currencies – 12,66 million.<\/p>\n

The National Bank noticed a continuation of the downward trend of transfers from the CIS countries, while the EU transfers increased by 20,3% compared to 2016.<\/p>\n

\"\"

Dynamics of transfers from CIS and EU in to of individuals (2012 – 2017 annual dynamics; 2017 monthly dynamics), %<\/p><\/div>\n

Money transfers from other states (except for the CIS and the EU) totaled 30,7 percent in 2017:<\/p>\n

\"\"

Structure of net transfers of funds from abroad to individuals by geographic areas, 2017 %, bnm.md<\/p><\/div>\n

96,2% of the CIS transfers originated in Russia.<\/p>\n

Within the money transfers from the EU countries, Italy accounts for the largest share of 34,9 percent, being followed by the United Kingdom (14,0 percent), Germany (13,9 percent), France (8,1 percent), Spain (3,3 percent), Ireland (3,0 percent), Poland (2,8 percent), Czech Republic (2,6 percent), Portugal (2,5 percent), Romania (2,4 percent), Belgium (2,1 percent), Cyprus (1,8 percent) and Greece (1,3 percent).<\/p>\n

Moldovan remittances still heavily rely on the Russian market: 402,63 million USD (or 33,6% of money transfers) originated in Russia. Other leading remittance sources are: Israel – 17,1 percent (205,02 million), Italy – 12,0 percent (143,83 million), the USA – 7,9 percent\u00a0 (95,13 million), United Kingdom – 4,8 percent (57,88 million), Germany – 4,8 percent (57,56 million), France – 2,8 percent (33,60 million), Turkey – 1,3 percent (15,30 million) , Spain – 1,1 percent (13,74 million), Ireland – 1,0 percent (12,31 million).<\/p>\n

\"\"

Dynamics of money transfers (top three states) to individuals (2012 \u2013 2017 annual; 2017 monthly), %, Source: bnm.md<\/p><\/div>\n

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