An amount totaling US$134.50 million was transferred through licensed banks in favor of private individuals in Moldova last month. The figure is by 24.6% higher on last May. Half of the transfers came from EU member states. Cash transfers from the Commonwealth of Independent states constituted 13.6%, while from other states – 36.3%, IPN reports.

According to the National Bank of Moldova, transfers from the EU came to US$67.48 million, up 32.5% on May 2019. Owing to the Brexit, transfers from the EU in May 2020 were by US$9.66 million lower, but the transfers “from other states” rose by a similar amount.

Transfers from Israel represented 19.7% (US$26.49m) of all the transfers, from Italy –16.8% (US$22.65m), from Russia – 12.7% (US$17.03m).

Remittances in euros constituted 61.6%, an increase of 6.8 percentage points on last May. Those in U.S. dollars made up 36.8%, while in Russian rubles – 1.6%.

In January-May this year, transfers from abroad to Moldovans came to US$502.94 million, up 3.1% compared with the same period last year (US$487.72m).