structural:scholar_edition
Market economy (1992)

On 2 January 1992, Moldova introduced a market economy, liberalizing prices, which resulted in rapid inflation. From 1992 to 2001, the country suffered a serious economic crisis, leaving most of the population below the poverty line. In 1993, the Government of Moldova introduced a new national currency, the Moldovan leu, to replace the temporary cupon. The economy of Moldova began to change in 2001; and until 2008, the country saw a steady annual growth between 5% and 10%. The early 2000s also saw a considerable growth of emigration of Moldovans looking for work (mostly illegally) in Russia (especially the Moscow region), Italy, Portugal, Spain, and other countries; remittances from Moldovans abroad account for almost 38% of Moldova's GDP, the second-highest percentage in the world, after Tajikistan (45%).