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Dec 27, 2017 16:49 EEST
December 27 (SeeNews) - Remittances sent to Moldova by migrant workers rose 11% on the year to $1.09 billion (919 million euro) in the first 11 months of 2017, the central bank, BNM, said on Wednesday.
In November alone, remittances rose by 15.7% on the year to $105.23 million.
During November, money transfers from Moldovan workers in the EU countries reached 36.4% of the total volume of remittances, BNM said in a statement.
During the same period, the share of remittances from the Commonwealth of Independent States (CIS) reached 32.5%, while 31.1% came from other states.
Most of the money transfers - 47.4%, were made in US dollars during November, followed by transfers in euro - 44.2% and in Russian rubles - 8.4%.
An estimated one-third of Moldova's economically active population is currently working abroad, making remittances the single most important net source of foreign exchange in Moldova.
The foreign exchange reserves held by Moldova's central bank, BNM, increased by $29.23 million net in November, reaching $2.72 billion.
($ = 0.8438 euro)
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