If we look at the dynamics of the foreign exchange market, we can see that every year at Christmas and Easter, the lei strengthens against the euro. It intensifies the most after St. Mary, says Adrian Vasilescu, strategy advisor in the BNR.

Why

“Then many young people come to rest at the country house, and then the weddings begin. They come to get married here, in their home. I bring in a lot of money. The forex market is experiencing a strong push these days,” he said.

Why do Romanians abroad send less and less money to the country

“Something has changed in the structure of the Romanian labor force abroad. Many young people generally decided to go abroad. They moved families, took children to school, and because of this remittances are decreasing,” said the representative of the BNR.

The money that Romanians send, he says, is very important for the Romanian economy.

“We have to consider 7,700,000 households. 700,000 households represent companies, firms, organized forces in general. 7 million are economic households that still have a small role in the development of the domestic economy, but it should be greater,” he stated.

• 6,600 lei per month is the income of a household, which, according to statistics, includes 2.7 people. This is a very small amount for Romania.

At the same time, says Vasilescu, the costs per person are about 2,600 lei, very little. Thus, remittances from abroad contribute significantly to two aspects:

1. Provision of household expenses

2. Investment, because a lot of money sent from abroad is intended for investment. Many collect money here.