Mon, 8 September
19.1 C
Yerevan
USD: 384.03 RUB: 4.80 EUR: 443.29 GEL: 142.29 GBP: 510.11

Private remittances to Armenia increased by 23% in 2016 June from previous month to $135.27 million

YEREVAN, August 2. /ARKA/. Private remittances sent to Armenia through the banks increased by 23% in 2016 June when compared to the previous month to $135.27 million, according to the Central Bank. However, when compared to 2015 June the amount was down 17.1%.

Remittances from Armenia abroad totaled about $54.4 million, a decrease of 17.8% when compared to 2015 June 2015. They were also down 19.48% when compared to June 2016. Thus, the net inflow of remittances in 2016 June amounted to approximately $80.8 million, a decrease of 16.6% over the same period last year, but a 92.7% growth when compared to June 2016.

Approximately 64.6% of the total private money transfers came from Russia, down from 70-80% in the previous years.

Remittances from Russia to Armenia  in June 2016 amounted to approximately $87.4 million, a decrease of 19.7% compared to June 2015, but 30% up when  compared to May 2016, while remittances from Armenia to Russia decreased by 7.3 % from 2015 June to $21.4 million. Compared to 2016 May they were down 35.9%.

Remittances to Armenia decreased by 30% in 2015 to $1.208.5 billion, due to a huge devaluation of the Russian ruble. ($ 1 – 476.38 drams). -0-

spot_img

POPULAR

ACBA Federation promotes rural tourism in Armenia: the success story of Manana guest house (video)

Four years prior, Astghik Ghazaryan, a professional educator, established the Manana guest house in her hometown of Marmarik.

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Freedom Broker Armenia ranks as one of the largest taxpayer in Armenia

Freedom Broker Armenia has been recognized as one of the largest taxpayers in the country, underscoring its leadership in the investment sector and commitment to sustainable business practices.

Armenia to receive 45.3 million euros from ADB to improve healthcare quality

Armenia will receive 45.3 million euros from the Asian Development Bank (ADB) to improve healthcare quality, said First Deputy Minister of Health of the Republic of Armenia Lena Nanushyan during a meeting of the parliamentary standing committee on financial, credit and budgetary issues.

Cryptocurrency in Armenia: Stringent Regulations and Elevated Expectations

The future of cryptocurrencies in Armenia was a topic of discussion among participants at the Armenian Cryptocurrency Assets Forum, which recently took place in Yerevan.

LATEST NEWS

spot_imgspot_imgspot_img