Tue, 29 April
11.1 C
Yerevan
USD: 389.46 RUB: 4.73 EUR: 441.92 GEL: 141.70 GBP: 519.38
spot_img

Some $950 million remitted to Armenian from Russia in 2009: Central Bank

YEREVAN, February 9, /ARKA/. Some $950 million were remitted to Armenian from Russia in 2009 through the banking system to individuals, the Central Bank of Armenia said in its monthly bulletin.

The figure represents a 35% decline from 2008, when Armenians working and living in Russia sent $1.461 billion to relatives at home.

In 2009 December some $101.6 million were remitted from Russia to Armenia making almost 70% of all money transfers to Armenian from abroad in that month.

Money transfers from Armenia to Russia rose last year by 15.5%, from $164.5 million in 2008 to $190.1 million. As a result the net inflow of remittances last year totaled $759.9 million, down from $1,297.3 billion in 2008. The decline was 41.4%.

Russia accounted, as a matter of fact, for 60.3% of all non-commercial remittances to individuals in Armenia. Russia’s share in net inflow of remittances was 92.3%.

According to the Central Bank, the overall amount of individual money transfers last year dropped by 30.6% to $1.575.7 billion. Remittances from Armenia to other countries fell by 33% to $752.4 million. As a result the net inflow of remittances fell by 28.2% to $823.3 million. -0-

spot_img

POPULAR

Euro exchange rate down 1 point, while US dollar and ruble up

The average market exchange rate of the U.S. dollar to the Armenian dram on April 25, 2025, rose by 0.77 points compared to April 23 and amounted to AMD 390.33.

Armenia may access $25 mln from the IMF under the SBA agreement in June

An International Monetary Fund (IMF) team led by Iva Petrova visited Yerevan from March 31 to April 10, 2025, to conduct discussions for the fifth review under the Stand-By Arrangement (SBA) with Armenia.

Armenia ratifies EUR 10.1 million investment agreement with EIB on Yerevan’s Second Energy Efficiency Program

The Armenian Parliamentary Committee on Financial, Credit and Budgetary Affairs gave a positive conclusion at its meeting on Friday on the ratification of the agreement on the investment grant for the "Second Yerevan Energy Efficiency Program" in the amount of EUR 10.1 million.

In February, deposits in Armenian banks grew by 1%, loans decreased by 0.1% due to dram funds

In February 2025, deposits in Armenian commercial banks grew by 1% (MoM), while loans decreased by 0.1% (MoM), in both cases the changes were due to funds denominated in drams.

Armenian Banks Contribute AMD 28.3 Billion in Taxes During Q1 2025

In the first quarter of 2025, all 18 commercial banks in Armenia ranked among the top 1,000 taxpayers, collectively contributing AMD 28.3 billion in taxes and duties, as reported by the State Revenue Committee.

LATEST NEWS

spot_imgspot_imgspot_img