OREANDA-NEWS. February 13, 2014. Over 9 months of 2013 personal remittances from Russia to Moldova made up USD 1 billion 514 million, up 11.4% or USD155 million as compared with the same period of 2012.

They were USD 392 million in Q1, USD 507 million in Q2 and USD 615 million in Q3 2013 against USD 335 million, USD 463 million and USD 561 million in Q1, Q2 and Q3 2012 respectively, the Central Bank of Russia said to InfoMarket. In 2012, remittances sent by individuals from Russia to Moldova made up USD 1 billion 960 million, up 22.3% year-on-year.

Final figures for 2013 have not bee presented yet. In QQ 1-3 2013, Moldova ranked the fourth largest recipient of personal remittances from Russia, giving up to Uzbekistan (USD 5 billion 443 million), Ukraine (USD 2 billion 709 million) and Tajikistan (USD 2 billion 708 million). The RF Central Bank defines personal remittances as incomes a household receives from both: its members staying abroad and non-resident households, which are, as a rule, connected with temporary or permanent migration of the population.

Personal remittances may be sent via official channels, such as banks, postal offices, money transfer systems, as well as transmitted as cash and valuables from one member of the household to another one or from the household to another household. Personal remittances include personal transfers and net labour remuneration.