Individual Transfers to Armenia Grow 4.2% in Jan-May 2010

Economy

YEREVAN, July 8. /ARKA/. The Central Bank of Armenia says $479.9 million has come to Armenia through banks over the period between January and May 2010 as individual noncommercial transfers.

This amount is 4.2% ($19,200) greater than that received at the same period a year before.

According to the central bank’s report, $244.3 million was sent abroad from Armenia in Jan-May 2010 against $208.4 million transferred at the same period of the previous year (17.2% year-on-year growth).
Net inflow totaled $235.5 million against $252.3 million a year earlier (1.3% growth).

The greatest amount came from Russia – $251.4 million. ($1 = AMD 368.73). –0—

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