Sunday 21 December 2008

MOLDOVA: October remittances 11% down

The Moldovans that work abroad send less money home. Remittances in October fell by 11% from September. Experts say the decrease in the volume of remittances is an effect of the world economic crisis.

The Moldovans that work abroad send less money home. Remittances in October fell by 11% from September. Experts say the decrease in the volume of remittances is an effect of the world economic crisis.

The over 450,000 Moldovans working abroad in October sent home US$139.4 million, down over US$17 million from September. Remittances began to decrease in volume in August. In July, they totaled about US$181 million. Read more

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