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Private transfers to Armenia in 2011 increased by 19.6% to $1 547 million

YEREVAN, February 7. /ARKA/. Through the banking system of Armenia in the name of individuals for non-commercial purposes in 2011 was transferred about $ 1 547 million which is by 19.6% more than in 2010, states the report of CBA “Generalization of monetary-credit indicators in December 2011”.

Volume of transfers in 2011 from Armenia to other countries was $264.6 million vs. over $221.8 million in 2010 (growth by 19.3%). Net flow of money transfers in the reporting period was about $1 282.4 million vs. $1 072 million in 2010 (growth by 19.6%).

The flow of private transfers only in December 2011 was $166.4 million.

The largest flow of transfers in 2011 and 2010 was registered from Russia. ($1153.8 million). —0–

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