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Foreign remittances to Albania up 11.7% y/y in Q2

Foreign remittances to Albania up 11.7% y/y in Q2 Bragin Alexey/Shutterstock.com

TIRANA (Albania), September 10 (SeeNews) – Foreign remittances to Albania increased by 11.7% year-on-year in the second quarter of 2018, reaching 181.7 million euro ($209.9 million), the central bank said on Monday.

Money sent by Albanian citizens living abroad increased by 22.3% quarter-on-quarter in the April-June period, Bank of Albania said in a quarterly balance of payments report.

The flow of foreign remittances into Albania increased to 635.7 million euro in 2017, from 614.5 million euro in the prior year.

($=0.86541 euro)

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