Sat, 26 July
35.1 C
Yerevan
USD: 383.94 RUB: 4.85 EUR: 450.25 GEL: 141.78 GBP: 516.63

Individual money transfers to Armenia through banks in Jan.-April grow to $357 million

YEREVAN, June 7. / ARKA /. Individual money transfers to Armenia through the banking system in the first four months of 2011 showed a 23.8% rise from a year before to $357 million, the Central Bank of Armenia said in its monthly information bulletin. In terms of money the rise amounted to $68.5 million.

The volume of money transfers from Armenia to other countries grew by 13.6% year-on-year to $73.3 million. The net inflow of money transfers in 2011 January-April totaled $283.7 million, growing by 26% from the first four months of 2010. Russia was again the source of the largest net inflow of money transfers that was -$242.9 million.

According to the bulletin, in April 2011 a total of $105.7 million were remitted to individuals in Armenia, up from $101.8 million from March and from $84.9 million from a year earlier. ($1 – 376.56 drams). -0-

spot_img

POPULAR

A scheme for stealing funds through fake investment platforms  exposed in Yerevan

A criminal group operating in one of the capital's business centers and stealing citizens' money through Internet calls has been exposed in Armenia, the Investigative Committee of Armenia reports.

Fitch expects inflation in Armenia to remain within the target level until 2027

International rating agency Fitch expects inflation in Armenia to remain within the target level until 2027, although soft fiscal policy and the projected moderate weakening of the dram create certain risks.

Fitch forecasts Armenia to tighten fiscal policy after 2027

Fitch Ratings analysts forecast a tightening of fiscal policy by the republic's authorities in a new report on Armenia.

Ranking of most profitable banks in Armenia based on results of first quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the first quarter of 2025.

Armenia’s economy to stabilize on 5.5% growth trajectory in 2025 – EDB forecast

According to EDB forecasts, Armenia's economy will stabilize on a 5.5% growth trajectory with domestic demand remaining the main driver of development.

LATEST NEWS

spot_imgspot_imgspot_img