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Remittances to Transdniestria rose 40% in 2007

The remittances sent by private individuals to Transdniestria through banks last year came to US$133.2 million, an increase of 40% compared with a year before.

According to the Transdniestrian National Bank, there were performed 189,000 operations. The sums sent to Transdniestria varied between $200 and $700. Most of the remittances came from Russia ($112.2 million), Turkey ($3.8 million), Italy ($2.9 million), the United States ($1.6 million) and Cyprus ($1.4 million).

Taking into account the unofficial remittances, which make up about 30-55% of the legal remittances according to international experts, the remittances to Transdniestria could amount to $200 million or $375 per capita.

Remittances from Transdniestria in 2007 totaled $13.7 million or about tenfold less compared with the remittances to the region. The remittances to Moldova last year hit a record level of $1.216,22 billion, a rise of 42.3% compared with 2006 // Reporter.MD


Publication date: 17 May 2008   

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