Individual money transfers to Armenia in Jan.-Feb. slash by 6.6% to $158.2 million

YEREVAN, April 9, /ARKA/. The amount of individual money transfers to Armenia via banks in the first two months of the year slashed by 6.6% year-on-year ($11.1 million) to $158.2 million, the Central Bank of Armenia said in its monthly bulletin.

The volume of money transfers from Armenia to other countries in the period of time under question dropped by 2.6% to $84 million, down from $86.2 million in Jan.-Feb. 2009.

The net inflow of remittances fell by 10.7% year-on-year to $74.2 million, down from $83.1 million in Jan.-Feb. 2009. The largest portion of remittances -$77.4 million- came form Russia. ($1 – 399.45 Drams). -0-

spot_img

POPULAR

Foreign currency supply increasing in Armenia – Central Bank

The supply of foreign currency is growing in Armenia's foreign exchange market, Armen Ktoyan, a member of the Board of the Central Bank of Armenia, stated in an interview with CivilNet.

Jasmine Home: The Story of Young Sisters’ Business

Ten years ago, sisters Anna and Ani founded Jasmine Home, offering dozens of high-quality textile products—blankets, bedding sets, pillows, and many other items.

Non-resident investment in dram bonds in Armenia has nearly doubled, Central Bank Board Member

A rather interesting picture of increased foreign investment is emerging in Armenia's capital market, said Armen Ktoyan, a member of the Board of the Central Bank of Armenia, in an interview with CivilNet.

MONEYVAL recommended Armenia strengthen its fight against money laundering and confiscation of criminal assets

The Council of Europe's Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism (MONEYVAL) noted Armenia's progress in developing its system for combating financial crime, but recommended strengthening the effectiveness of money laundering investigations, asset confiscation, and oversight of certain economic sectors.

Central Bank of Armenia named five key factors influencing inflation

In an interview with CivilNet, Armen Ktoyan, a member of the Board of the Central Bank of Armenia, listed five factors influencing inflation in the country.

LATEST NEWS

spot_imgspot_imgspot_img