Remittances to Moldova decrease by a third in 1st quarter of 2009
Remittances sent to Moldova by individuals working abroad via commercial banks in the 1st quarter of 2009 exceeded 227 million dollars, which is by about 93.6 million dollars (more than 29 percent) less than in the similar period of 2008.
At the same time, about 181.5 million dollars or 80 percent of overall transfers in the 1st quarter of 2009 came via rapid money transfer systems. This indicator was about 261.6 million dollars (about 82 percent) in the 1st quarter of 2008.
Money transfers by individuals working abroad via commercial banks amounted to 1.66 billion dollars in 2008 and rose by more than 36 percent compared with 2007.
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