Mon, 4 August
29.1 C
Yerevan
USD: 383.84 RUB: 4.70 EUR: 442.91 GEL: 141.90 GBP: 512.96

Individual noncommercial money transfers to Armenia grow 1.2% to over $1 153.3 million in Jan-Aug 2014

YEREVAN, October 13./ARKA/. Individual noncommercial money transfers to Armenia totaled over $1 153.3 million in Jan-Aug 2014 – 1.2% more than at the same period a year earlier, the Central Bank of Armenia says in a fresh issue of its monthly bulletin.

About $226.4 million was transferred from Armenia abroad over the mentioned period of 2014 – 11.5% year-on-year growth.

Net inflow amounted to $926.9 million in Jan-Aug 2014 against $936.3 in Jan-Aug 2013. Transfers from Russia dominated the total individual remittance inflow with 83%. About $958.1 million was sent from Armenia to Russia for eight months of this year (1.44% year-on-year decline) and $128.4 million was received from Russia (12.5% year-on-year growth).

More than $185.7 million came to Armenia in August alone – 5.8% less than in the same month a year before, and about $29.7 million was transferred outside against $27 million a year earlier.
Net inflow amounted to $156 million against $170.2 million.

The regulator says Armenia’s remittance inflow totaled $1 869.7 million and made up about 17.3% of the country’s GDP in 2013. ($1 – AMD 412.37). —-0—–

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

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

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

Moody’s upgrades Converse Bank’s ratings

Moody's Ratings has upgraded Converse Bank CJSC's long-term local and foreign currency bank deposit ratings to Ba3 from B1, aligning the Bank’s rating with Armenia’s sovereign rating.

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.

LATEST NEWS

spot_imgspot_imgspot_img