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-
