Wed, 30 July
38.1 C
Yerevan
USD: 383.94 RUB: 4.85 EUR: 450.25 GEL: 141.78 GBP: 516.63

One money transfer from Russia to Armenia amounted to $217

YEREVAN, December 16. /ARKA/. One money transfer from Russia to Armenia amounted to $217, on average, in the third quarter of this year against $227 in the same period a year before, the Central Bank of Russia reports.

Transborder remittances of individuals from Russia abroad, including transfers operated through payment systems, totaled $9.489 billion in the 3rd Q, 2016 showing a 4.5% year-on-year growth and a 12% quarter-on-quarter growth.

According to the regulator, transborder remittances of individuals from Russia to Armenia totaled $234 million in the 3rd Q 20165 – 30% more than in the 2nd Q of the same year and 22% less than in the 3rd Q 2015. .

Russia’s residents’ individual money transfers to Armenia amounted to $97 million in the third quarter of this year, and individual remittances of non-residents to $137 million.

In total, individual remittances from Russia to Armenia amounted to $516.1 million in Jan-Sep 2016.
The Central Bank of Armenia says $639.5 million has been received from Russia over the first nine months of this year (14.7% year-on-year decline).

Although remittances from Russia to Armenia have shrunk significantly, they continue dominating the total amount of transfers to Armenia with 60.8%. –0—-

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

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.

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.

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.

LATEST NEWS

spot_imgspot_imgspot_img