OREANDA-NEWS. In January-October 2015, the total amount of net money transfers from abroad made in favour of individuals via authorized banks of the Republic of Moldova amounted to US$ 939.99 million (down by 32.8 % as against the first ten months of 2014).

Money transfers from abroad made in favour of individuals, in monthly dynamics, 2013 - October 2015 (US$ mil.)

Exchange rate fluctuations of original currencies as against the US dollar contributed 14.5 percentage points to the total decrease in transfers in January-October 2015, while the actual drop in transfers (controlling for the exchange rate impact by recalculating the amounts at the exchange rates of the same periods of the previous year) constituted 18.4%.

Money transfers from abroad made in favour of individuals, in monthly dynamics, January - October 2015 - exchange rate impact (US$ mil.)

Money transfers from abroad made in favour of individuals, in monthly dynamics, 2014 - exchange rate impact (US$ mil.)

Money transfers from abroad made in favour of individuals, in monthly dynamics, 2013 - exchange rate impact (US$ mil.)

Money transfers from abroad in favor of individuals (resident and nonresident) represent amounts of money remitted in the country through the national banking system, including international money transfer systems. Net settlements contain data on transfers via money remittance systems, based on clearing between the system and the authorized bank (balance between inflows and outflows). Data are comparable to those published previously (2007-2013). Gross settlements represent amounts of transfers via money remittance systems released to individuals.

Amounts are converted from the original transfer currency into US dollars at the official exchange rate of the NBM on the transfer date. It should be noted that the origin as well as the purpose of these amounts can be varied. They include, besides the amounts transferred by Moldovan migrants, other foreign exchange transfers. Data do not include settlements with banks located on the left bank of the Nistru River.