Tue, 1 July
18.1 C
Yerevan
USD: 384.47 RUB: 4.90 EUR: 450.83 GEL: 141.25 GBP: 526.80

Private remittances sent to Armenia in two months of 2016 grew by 3.4% to $165 million

YEREVAN, March 4. /ARKA/. Private remittances sent to Armenia via banks in the first two months of 2016 grew by 3.4% from the year before to $165 million, the Central Bank said today. According to the regulator, the remittances if calculated in the national currency, amounted to 81 billion, up from 76.2 billion drams a year ago (a 6.3% growth).

Total remittances sent to Armenia in 2015 fell by 23.5% to $1.623.6 billion. Remittances in Russian rubles last year grew by 5.7% from 2014 to 45.7 billion rubles.

If calculated in the national currency, total remittances in 2015 amounted to 776.3 billion drams, down from 881.9 billion drams in 2014.

Remittances sent to individuals for non-commercial purposes decreased by 30% in 2015 to $1.208.5 billion. ($ 1 – 490.7 drams). -0-

spot_img

POPULAR

Armenia to receive EUR 26 million loan from KfW bank for renewable energy development

Armenia will receive a loan and a grant from the German KfW bank for the implementation of the "Renewable Energy and Energy Efficiency Development" program.

Ratio of loans to deposits in commercial banks of Armenia has improved – WB review

In April 2025, deposits and loans of commercial banks of Armenia increased by 1.5% y/y and 0.8% y/y, respectively, slightly improving the ratio of loans to deposits compared to the figures for the previous year.

AMX Reaffirms Compliance with International ISO Standards

The Armenia Stock Exchange and Central Depository (AMX) have successfully completed their compliance certification with ISO 27001:2022 for Information Security Management and ISO 9001:2015 for Quality Management Systems.

Euro falls by 0.62 points to 450.23 drams

The average market exchange rate of the US dollar against the Armenian dram as of June 27, 2025, decreased by 0.59 points compared to June 26 and amounted to 384.32 drams.

Armenia’s budget remained in surplus through April, despite a projected deficit

Armenia’s budget remained in surplus through April, despite a projected deficit, according to World Bank's Armenia Monthly Economic Update – June 2025.

LATEST NEWS

spot_imgspot_imgspot_img