Foreign remittances to Albania up 13% y/y in Q1

Money sent home by Albanian citizens living abroad decreased by 4% on a quarterly comparison basis in the January to March period, Bank of Albania said in a current account report on Monday.

In 2023, the flow of foreign remittances to Albania rose to 928.03 million euro, increasing from 833.7 million euro reported for 2022, central bank data showed earlier.

($ = 0.929 euro)