Mon, 30 June
26.1 C
Yerevan
USD: 384.47 RUB: 4.90 EUR: 450.83 GEL: 141.25 GBP: 526.80

Private remittances to Armenia fell by 2.5% in four months

YEREVAN, June 8. /ARKA/. Private remittances sent to Armenia in the first four months of 2016 via banks fell by 2.5% year-on-year to $377.7 million, the Central Bank of Armenia said in its monthly bulletin for April 2016.

Remittances sent to Armenia in 2016 April were 3.2% down from 2016 March and almost 9% less than in 2015 April.

Remittances from Armenia to other countries in the same time span surged by 9.4% to about $246.4 million. Thus, the net inflow of remittances in the first four months of this year amounted to approximately $131.2 million, a 19.2% drop from the same period of time last year.

Approximately 52.7% of all remittances came form the Russian Federation, down from 70-80% in previous years.

Remittances from Russia to Armenia in the first 4 months of 2016 dropped by 10.3% to about $199 million, while remittances from Armenia to the Russian Federation jumped by 40.7% to $113 million.
The overall amount of remittances to Armenia in 2015 decreased by 30% to $1.208.470 because of decline in Russian remittances caused by the huge depreciation of its ruble. -0-

spot_img

POPULAR

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.

Central Bank of Armenia considering introducing long-term mechanisms for insurance against fraud

The Central Bank of Armenia is considering the possibility of introducing mechanisms for insurance against fraud.

Armenian banks  in 2024 increased profit by 61% to 363 billion drams – UBA

Armenia-based banks made a profit of 363 billion drams in 2024, an increase of about 137 billion drams, or 61%, compared to 2023,  Daniel Azatyan, the head of the Union of Banks of Armenia (UBA) told a press conference today.

ACBA Bank summarizes the results of 2024 (video)

ACBA Bank summarized the results of 2024 and defined the future directions of the bank's development at the annual general meeting of shareholders, ACBA said in a press release today.

US dollar, euro and Russian ruble exchange rates down against  Armenian dram

The average market exchange rate of the U.S. dollar to the Armenian dram on May 15, 2025, decreased by 1.05 points compared to May 14 and amounted to 386.94 drams.

LATEST NEWS

spot_imgspot_imgspot_img