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Foreign remittances to Albania up 8.5% y/y in Q3

Foreign remittances to Albania up 8.5% y/y in Q3 Bragin Alexey/Shutterstock.com

TIRANA (Albania), December 10 (SeeNews) – The flow of foreign remittances to Albania increased by 8.5% year-on-year to 184.6 million euro ($204.2 million) in the third quarter of 2019, according to central bank data.

Money sent home by Albanian citizens living abroad in the July-September period edged down by 0.3% compared with the second quarter of 2018, Bank of Albania said in a current account report.

The flow of foreign remittances to Albania increased to 669.6 million euro in 2018, compared to 635.7 million euro in 2017.

($ = 0.90378 euro)

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