Mon, 9 June
19.1 C
Yerevan
USD: 384.44 RUB: 4.83 EUR: 434.11 GEL: 140.51 GBP: 515.15

Private remittances to Armenia slash by 13.7% in 2016 January

YEREVAN, March 1, / ARKA /. Private remittances sent to Armenia through the banks for non-commercial purposes in January 2016 slashed by 13.7% from January 2015 to about $46.8 million, the Central Bank said. According to the regulator, when compared with 2015 December the remittances were down by 57.9%.

The amount of remittances sent from Armenia abroad in 2016 January fell to about $17.42 million from $17.44 million in January 2015. If compared to 2015 December the remittances form Armenia plummeted by 45.46%.

The net inflow of remittances in 2016 January thus decreased to $29.3 million from $36.8 million in January 2015. As opposed to 2015 December the drop amounted to 63%. The bulk of private remittances sent to Armenia – about 63.7% of the total volume- came as usual from Russia.

Their amount fell by 19.8% in comparison with January 2015 to approximately $29.8 million. The drop as opposed to 2015 December was 61.8%, while the remittances to the Russian Federation decreased by 9.9% to $12.5 million.

Remittances to Armenia in 2015 decreased by 30% to $1.2 billion. The dramatic drop was blamed on the huge depreciation of the Russian ruble and economic decline there. ($ 1 – 491.34 drams) – 0-

spot_img

POPULAR

Dollar and ruble exchange rates against Armenian dram rose, while euro fell

The average market exchange rate of the US dollar to the Armenian dram, as of April 2, 2025, rose by 0.06 points compared to April 1, reaching 391.16 drams.

US dollar slightly down  against dram

The average market exchange rate of the U.S. dollar to the Armenian dram on May 7, 2025, decreased by 0.18 points compared to May 6 and amounted to 389.28 drams.

Euro exchange rate increases by 0.87 points to 433.28 AMD

The average market exchange rate of the U.S. dollar to the Armenian dram on April 10, 2025, decreased by 0.7 points compared to April 9 and amounted to AMD 391.08.

Converse Bank Joins the Asian Development Bank’s Green Finance Commitment

Converse Bank announces its participation in the Asian Development Bank’s (ADB) technical assistance program “Advancing Green Finance for Sustainable Development.”

US dollar exchange rate unchanged, euro and ruble rise

The average market exchange rate of the U.S. dollar to the Armenian dram on March 7, 2025, remained at 394.58 drams, unchanged compared to March 6.

LATEST NEWS

spot_imgspot_imgspot_img