Volume of private transfers to Armenia in the II quarter of 2011 increased by 19% making 161 billion drams

YEREVAN, September 8. /ARKA/. Volume of private transfers to Armenia through the banks and other organizations implementing money transfers, in the second quarter of 2011 was 161 billion drams increased by 19% compared to the same period of 2010.

Press-centre of Central Bank of Armenia informed “ARKA” that in the reporting period the volume of transfers to abroad was 64 billion drams which was not significantly changed compared to the same period of 2010. In its result, net flow of transfers implemented by commercial banks through international systems in the second quarter of 2011 was 97 billion drams which is by 26 billion drams more than the indicator of the same period of 2010.

Volume of transfers to Armenia through commercial banks involved in the international transfer systems in the second quarter of 2011 was 118 billion drams (the number of transfers was 533326) which is 7.9 times more than the volume of money transfers to abroad.

Volume of transfers to Armenia increased by 20 billion drams in the second quarter of 2011 compared to 2010. Average volume of one transfer through international systems was 221 thousand drams which is by 9 thousand drams more than the indicator of the same period of 2010.

In total, money transfers to the names of physical entities implemented through correspondent accounts of commercial banks were 43 billion drams increased by 14% or 5.4 billion drams compared to the second quarter of 2010. Average volume of one transfer to Armenia was 2.6 million drams which increased by 0.8 billion drams compared to the same period of 2010. Volume of transfers of physical entities out of border through correspondent accounts of commercial banks reduced by 3 billion drams (or by 6%) compared to the same period of 2010 making 50 billion drams.

Total volume of money transfers to Armenia through correspondent accounts of commercial banks (through SWIFT, Telex, Fax and the system bank-client) during the reporting period was 690 billion drams and their number is 32671. Average volume of one transfer was 21 million drams, increased by 13% compared to the second quarter of 2010. ($1 – 370.73 drams). —0—

spot_img

POPULAR

Acba Leasing offers an effective interest rate of 1% on the purchase of construction equipment (VIDEO)

Reliable quality, high efficiency, and a wide selection of specialized equipment: for 15 years, Sino Armenia has been representing the best Chinese-made construction equipment in Armenia, according to the Acba Leasing press service.

AI will be integrated into virtually all capital market processes in Armenia – expert

In Armenia, AI will be integrated into virtually all processes in one way or another, and where to begin depends on the specific objectives and current priorities of financial institutions, according to Arman Aleksanyan, co-founder and CEO of Eleveight AI.

Euro fell 2.07 points against the Armenian dram, while the dollar and ruble remained unchanged: Central Bank of Armenia

The average market exchange rate for the US dollar to the Armenian dram, established on the Armenian foreign exchange market as of March 19, 2026, fell by 0.12 points compared to March 20, to 377.38 drams.

Armenia and IMF discuss a new standby arrangement

Armenian Deputy Prime Minister Mher Grigoryan and International Monetary Fund (IMF) Deputy Managing Director Marnix von Rey noted the importance of approving a new standby arrangement with the IMF and its full implementation.

Cryptoasset regulation in Armenia is quite conservative, and the market lacks a unified goal – Eleveight AI co-founder

Cryptoasset regulation in Armenia can be characterized as quite conservative, and some market participants believe this could hinder the industry's development, noted Arman Aleksanyan, co-founder and CEO of Eleveight AI.

LATEST NEWS

spot_imgspot_imgspot_img