YEREVAN, December 8, /ARKA/. A total of $868.2 million were remitted to Armenia from Russia via the banks as non-commercial individual money transfers in the first ten months of 2010, by 14.1% more from a year before, the Central Bank of Armenia said in its information bulletin for October 2010, posted on its official website.
The volume of remittances from Armenia to Russia contracted by 21.6% year-on-year to $127 million from $162 million. As a result the net inflow of remittances from Russia amounted to $741.2 million, rising by 23.8% year-on-year.
According to the Central Bank, a total of $1.267.3 billion were remitted to Armenia in Jan.-Oct. this year as individual money transfers through banks, dropping by 3% year-on-year. The volume of remittances from Armenia to other countries fell by 4.7% to $580 million. The net inflow was $687.2 million, falling by 1.4% . ($1 – 360.11 Drams). -0-
