Fri, 22 August
20.1 C
Yerevan
USD: 384.03 RUB: 4.80 EUR: 443.29 GEL: 142.29 GBP: 510.11

Private remittances to Armenia in January up almost 20 percent year-on-year to $99.6 million

YEREVAN, March 12. / ARKA /. More than $99.6 million were remitted to Armenia in January 2014 through banks by individuals for non-commercial purposes, the Central Bank of Armenia said in its monthly bulletin for January.

This figure represented a 19.6 percent rise from 2013 January. However, the amount of remittances in January was 46.9% less if compared to December 2013.

The amount of money remitted from Armenia to other countries in January 2014 rose to about $20.9 million from $20.6 million in January last year. The net cash inflow in January this year stood at $78.6 million, up from $62.5 million in January 2013.

The bulk of money transfers to Armenia- about 81 % of the total amount of private remittances or $65.3 million (up 23.3%) – came from the Russian Federation. And some $11.2 million (up 7.1%) were remitted from Armenia to Russia.

According to the Central Bank, some $1.869.7 billion or 17.3% of GDP were remitted to Armenia last year. ($ 1 – 414.90 drams). -0-

spot_img

POPULAR

Armenia registered an inflation rate of 3.4% in July.

According to the National Statistical Committee (NSC) of Armenia, 12-month inflation in the consumer market amounted to 3.4% in July of this year.

Euro jumps against Armenian dram by 3.74 points to 449.34

The average market exchange rate of the US dollar to the Armenian dram as of August 13, 2025, fell by 0.25 points compared to August 12 and amounted to 383.56 drams.

Armenia’s state budget had a deficit of 39.2 billion drams in the first half of the year, according to the Finance Ministry.

The Armenian government’s budget for the first half of the year was executed with a deficit of 39.2 billion drams, which is significantly lower than the projected deficit of 325.3 billion drams, according to a statement released by the Ministry of Finance today.

Ranking of Armenia’s most profitable banks in 2024

ARKA news agency has released a ranking of the most profitable commercial banks in Armenia in 2024.

Ranking of the most profitable banks in Armenia based on results of second quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the second quarter of 2025.

LATEST NEWS

spot_imgspot_imgspot_img