Private remittances to Armenia from abroad in April grew by 19 percent from a year before

YEREVAN, June 7. /ARKA/. The amount of private remittances sent to Armenia in April 2013 via banks for non-commercial purposes increased by 18.6 percent from 2012 April to $131.4 million, the Central Bank said in a statement posted on its official website.

In the same time span the amount of money transfers made from Armenia to other countries grew to $29 million from $22.9 million in 2012 April. The net amount of remittances to Armenia in April this year stood at $102.4 million, up from $87.8 million in 2012 April.

As usual, the largest portion of remittances from abroad came from Russia -$109.6 million, while the amount of money transfers from Armenia to Russia was $17.6 million.

According to Central Bank data, a total of $436.9 million were remitted to Armenia in the first four months of this year, while the amount of remittances from Armenia to other countries stood at $99 million. ($1 – 414.92 drams). -0-

spot_img

POPULAR

Central Bank of Armenia responded to criticism regarding the Law “On Cryptoassets” and announced meetings with crypto market participants

Martin Galstyan, Governor of the Central Bank of Armenia, commented on the criticism voiced by crypto market participants regarding the Law "On Cryptoassets."

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.

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.

In January, commercial bank deposits in Armenia decreased by 0.3%, while lending expanded by 1.1% – WB

In January 2026, commercial bank deposits in Armenia decreased by 0.3% (MoM), while loans grew by 1.1% (MoM), according to the World Bank's "Armenia Monthly Economic Update – March 2026."

Food and non-alcoholic beverages accounted for approximately 59% of Armenia’s inflation in February – WB

n February, inflation in Armenia rose to 4.3% (y/y) from 3.8% (y/y) in January. According to the World Bank's "Armenia Monthly Economic Update – March 2026," food and non-alcoholic beverages continued to be the largest contributors, increasing in price by 6.5% and contributing approximately 59% to overall inflation.

LATEST NEWS

spot_imgspot_imgspot_img