Sun, 27 July
28.1 C
Yerevan
USD: 383.94 RUB: 4.85 EUR: 450.25 GEL: 141.78 GBP: 516.63

Individual transfers inflow into Armenia dwindles 1.9% to about $1.5 billion in Jan-Oct 2014

YEREVAN, December 8. /ARKA/. The Central Bank of Armenia says in a fresh issue of its monthly bulletin that $1484.7 million came to Armenia in Jan-Oct 2014 as individual transfers – 1.9% less than at the same period a year before.

About $280.9 million was transferred from Armenia to other countries in Jan-Oct 2014 against $261.3 million in Jan-Oct 2013 – 7.5% year-on-year growth.

Net inflow amounted to about $1203.8 million against $1086.9 million.

Remittances from Russia dominate the money transfers coming to Armenia – they totaled $1241.4 million (a 4.4% decline) and made up 83.6% of the total amount of the individual transfers received in Armenia in Jan-Oct 2014. Outflow from Armenia to Russia grew 11% to $162.1 million.

According to the regulator, over $161.6 million came to Armenia in October alone showing a 17.1% year-on-year contraction and about $28.14 million were transferred from Armenia abroad – a 7-percent month-on-month growth.

Net inflow amounted to $133.5 million in October 2014 against $140.2 million in September 2014 – a 7-percent month-on-month decline.

Total inflow of money transfers to Armenia amounted to $1869.7 million and made up 17.3% of the country’s GDP. –0–

spot_img

POPULAR

Fitch expects inflation in Armenia to remain within the target level until 2027

International rating agency Fitch expects inflation in Armenia to remain within the target level until 2027, although soft fiscal policy and the projected moderate weakening of the dram create certain risks.

Fitch forecasts Armenia to tighten fiscal policy after 2027

Fitch Ratings analysts forecast a tightening of fiscal policy by the republic's authorities in a new report on Armenia.

A scheme for stealing funds through fake investment platforms  exposed in Yerevan

A criminal group operating in one of the capital's business centers and stealing citizens' money through Internet calls has been exposed in Armenia, the Investigative Committee of Armenia reports.

Armenia’s economy to stabilize on 5.5% growth trajectory in 2025 – EDB forecast

According to EDB forecasts, Armenia's economy will stabilize on a 5.5% growth trajectory with domestic demand remaining the main driver of development.

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.

LATEST NEWS

spot_imgspot_imgspot_img