The cash transfers from abroad to private individuals in Moldova in April-June this year came to US$342.59 million. Almost 85% of the remittances came through money transfer systems, IPN reports.

According to the National Bank of Moldova, the recalculated value in US dollars in the second quarter this year was by 14.2% higher compared with the value in the corresponding period last year. The fluctuations in the exchange rates of the original currencies against the US dollar contributed 4.9%. Eliminating the effect of the exchange rate by recalculating the sums at the rate in the similar period last year, the real growth in transfers was 9.3%.

Transfers from the EU represented 39.9% of all the transfers, up 6.2%% compared with the second quarter of 2017. Remittances from the CIS made up 29.2%, down 7.1%, while from other states – 30.9% in the second quarter of 2018 and 30% in the second quarter of 2017.

Among the transfers from the EU, transfers from Italy represented 31.5%, from Germany – 16%, from the UK – 14.7%, from France – 9.2% etc. Remittances from Russia made up 96.5% of all the transfers from the CIS.