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Private transfers to Armenia up 8.6% to over $1.2 bln over 9 months

YEREVAN, November 7. /ARKA/. Armenia received over $1.2 billion in private transfers to individuals for non-commercial purposes within January-September 2012, according to the data published on Armenian Central Bank’s website.

It is 8.6% higher from the analogical period a year earlier, the data confirms.

Remittances from Armenia to foreign countries valued at total $203.7 million in Jan-Sep 2012 against $190.6 million compared to the same period in 2011 ( 6.8% up). Within the reported period the net cash  inflow amounted to nearly $982.9 million against about $901.8 from a year earlier (9%  rise).

The highest net inflow is reported to be from Russia (over $899.7 million). ($1 – 407.30 drams). —0-

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