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

VTB (Armenia) continues to develop its small business lending capabilities

YEREVAN, August 13. /ARKA/. VTB (Armenia) small business clients now have access to the "Express" loan, which allows them to obtain up to 20 million Armenian drams for business development.

ACBA Federation summarizes achievements for 2025

YEREVAN, August 13. /ARKA/. The ACBA Federation, dedicated to fostering innovative agriculture in Armenia, enhancing sector competitiveness, and empowering communities, has summed up its activities for the year 2025.

An unusual $2.2 million banking scam uncovered in Armenia

YEREVAN, August 14. /ARКА/. A man suspected of embezzling 802.5 million drams from a bank and money laundering has been arrested in Armenia. The preliminary investigation has been completed, the press service of the RA Investigative Committee reported.

Central Bank of Armenia unveils two more draft regulations for cryptoasset regulation for public discussion

YEREVAN, August 13. /ARКА/. The Central Bank of Armenia has unveiled two more draft regulations for public discussion.

“AGROVISION” CJSC’s bonds were listed on Armenia Stock Exchange

YEREVAN, August 17. /ARKA/.  Today, “AGROVISION” CJSC, a company operating in the agro-industrial sector, became a listed company on the Armenia Stock Exchange (AMX).

LATEST NEWS

spot_imgspot_imgspot_img