Germany and Israel are the countries from which Moldovans send home the most money. Moldovans received almost $464 million from abroad in the second quarter of this year, down about 4% compared to the same period last year.
According to the National Bank, most of the funds, or about $358 million, came to Moldova through money transfer systems.
Germany became the main source of remittances to Moldova. In the second quarter, remittances from Germany totaled $65 million, up by almost 18%, and from Israel - $64.59 million. Transfers from Russia totaled $59.53 million. At the same time, Italy, USA, UK, Ireland, Romania and Belgium remain in the top countries with the highest number of money transfers to Moldova.
What Countries Are the Main Source of Remittances to Moldova?
Germany and Israel are the countries from which Moldovans send home the most money. Moldovans received almost $464 million from abroad in the second quarter of this year, down about 4% compared to the same period last year.
According to the National Bank, most of the funds, or about $358 million, came to Moldova through money transfer systems.
Germany became the main source of remittances to Moldova. In the second quarter, remittances from Germany totaled $65 million, up by almost 18%, and from Israel - $64.59 million. Transfers from Russia totaled $59.53 million. At the same time, Italy, USA, UK, Ireland, Romania and Belgium remain in the top countries with the highest number of money transfers to Moldova.