TIRANA, March 28 /ATA/ Remittances in 2021, marked the value of 761 million euros, reaching the highest level of the last ten years, the Bank of Albania announced.
According to the BoA, remittances have increased by 13% compared to 2020. The highest figure of remittances was recorded in the fourth quarter, when the remittance indicator reached 222 million euros.
Referring to the Bank of Albania indicators published in the quarterly balance of payments report, this is the highest amount of remittances since 2009, when emigrants sent 782 million euros.
The lowest amount sent by emigrants during the last 13 years was recorded in 2013, when emigrants sent to Albania only 545 million euros.
Remittances account for the largest cash inflow into the Albanian economy, constituting the most stable financial flow in the Albanian economy in several years.
Italy and Greece continue to be the main countries of origin for remittances sent to Albania, but in recent years, inflows from new countries of emigration are increasing, mainly the United Kingdom and especially Germany.
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