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–

spot_img

POPULAR

The international chess tournament supported by IDBank has concluded

The Yerevan Spring ID Cup, organized with the support of IDBank, has successfully concluded.

Central Bank of Armenia maintains the refinancing rate at 6.5%

At its meeting on Tuesday, the Central Bank's Board left the refinancing rate unchanged for the fourth consecutive time at 6.5%, the regulator's press service reported.

The average exchange rate of the Armenian dram to the US dollar in April was 4.2% lower than a year ago

In April 2026, the average exchange rate of the Armenian dram to the US dollar was 374.2 drams, compared to 390.7 drams in April 2025, according to data from the Statistical Committee.

Net inflow of remittances to Armenia from abroad increased by approximately 3.2 times in the first quarter

The net inflow of cross-border transfers to individuals in Armenia, received from abroad through the Armenian banking system, amounted to $458.2 million in January-March 2026, compared to $143.7 million in January-March 2025, according to a report from the Central Bank.

The Power of One Dram to ‘’Vahe Meliksetyan’’ Foundation

The April beneficiary of ‘’The Power of One Dram’’ initiative was the “Davitbek Games” Foundation.

LATEST NEWS

spot_imgspot_imgspot_img