OREANDA-NEWS. January 25, 2013. Within 9 months of 2012 personal remittances from Russia to Moldova amounted to USD 1 bln. 268 mln., 8.5% (USD 99 mln.) up as compared with the same period of 2011. According to the Central Bank of Russia, they made up USD 324 mln. in Q1 2012, USD 443 mln. in Q2, and USD 501 mln. in Q3, 2012. They were USD 217 mln., USD 313 and USD 413 mln. in Q1, Q2 and Q3 of 2011 respectively.

Following 9 months of 2012 Moldova ranked the fourth by an amount of personal remittances from Russia, giving up to Uzbekistan (USD 4.36 bln.), Tajikistan (USD 2 bln. 266 mln.) and Ukraine (USD 2 bln. 242 mln.). Personal remittances represent incomes of a household received from abroad from its members and non-resident household and, 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 via personal transmissions of money from one to another member of the household or form a household to another household. Personal remittances include personal transfers and net labour remuneration. Personal transfers embrace both: gratuitous transfers from a household staying abroad in favour of that on the territory of a reporting country and vice-versa.

This component of personal transfers is represented by transactions between resident households and non-resident households. Net labour remuneration is the allotment of money a household earned abroad and transferred to a household on the territory of its native country; which means that net labour remuneration is a transfer between residents of one and the same economy.

It is equal to a difference between labour remuneration received by an employee temporary working abroad and his or her expenses in a host country: habitation, food, taxes and the return ticket cost. Statistic reports in this area are based on reports on trans-frontier operations performed by individuals, provided by money transfer systems. This information source in full embraces cashless trans-frontier remittances from individuals. Some of them are included in the formula used to calculate an amount of personal remittances.