YEREVAN, November 13. /ARKA/. No growth was recorded in individual money transfers operated through Armenian banks in Jan-Sept 2012, compared with the pre-crisis period of time, Orakarg (Agenda) newspaper reports.
In Jan-Sept 2008, individual remittances totaled $1.2 billion, while in Jan-Sept 2012 they amounted to $1.186 billion.
The newspaper says that the showing growth in individual money transfers may affect the Armenian national currency’s value.
Money transfers operated via Armenian banks grew 8.6% or by $94.2 million in Jan-Sept 2012, while in 2010 they grew 23.3% or by $206 million.
According to the source, 85% of individual remittances in 2012 came from Russia, while in Jan-Sept 2011 Russia accounted for 83% of the individual money transfers received in Armenia. -0—
