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Foreign remittances to Albania rise 5.3% y/y in 2018

Foreign remittances to Albania rise 5.3% y/y in 2018 Bragin Alexey/Shutterstock.com

TIRANA (Albania), March 25 (SeeNews) – Foreign remittances to Albania increased to 669.6 million euro ($756.5 million) in 2018 from 635.7 million euro in the previous year, the central bank said on Monday

The flow of foreign remittances into Albania decreased by 1.7% year-on-year in the fourth quarter of 2018, reaching 169.2 million euro, Bank of Albania said in a quarterly balance of payments report.

Money sent by Albanian citizens living abroad edged down 0.5% in the October-December period as compared to the previous quarter.

($=0.87715 euro)

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