Private non-commercial remittances to Armenia in Jan.-Nov. 2010 drop by 0.4% year-on-year

Banks

YEREVAN, January 21, /ARKA/. The volume of individual non-commercial remittances to Armenia via banks in January-November 2010 dropped by 0.4% year-on-year to $1.422.8 billion, according to Central Bank of Armenia’s monthly bulletin for 2010 November, posted on its official website.

The volume of remittances from Armenia to other countries contracted by 4.6% to $646.8 million from $678.1 million from a year before. As a result the net inflow t grew by 3.4 % if compared to Jan.-Nov. 2009 to $776 million from $750.6 million in the first 11 months of 2009. Again Russia accounted for the largest net inflow of remittances- $837.8 million. ($1 – 367.39 Drams). -0-

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