2017, no. 1 & 2

MONETARY RECEIPTS FROM ABROAD TO INDIVIDUALS: EVALUATION METHODS

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Authors:  
Mihail POISIC, PhD, Senior Researcher, National Institute for Economic Research, Moldova

The commonly used approaches for assessing the volume of foreign currency flows to individuals provide estimates, which do not entirely reflect the total amount of foreign currency in cash introduced in the country. When these differences are significant, as in the case of the Republic of Moldova, it is necessary to apply additional methods for obtaining reliable estimates on the volume of monetary flows.The article presents the results of the research on a reliable estimation of the foreign currency flows to individuals. The methodological basis of the research consists in the analysis of the dynamic series of foreign exchange and cash flows, comparison method, other methodological approaches for the estimation of foreign currency flows. According to the research, foreign exchange flows to individuals are one third higher than official ones. These estimates give a meaningful assessment of the level of consumer demand as well as other parameters of financial flows in the country.

Keywords:  
migrants, remittances, the balance of exchange offices, payment balance, currency exchange, cash.