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

Private remittance sent to Armenia grows by 45 percent in 2017 January

YEREVAN, March 9. /ARKA/. Private remittances sent to Armenia through banks in 2017 January surged by 34.9% from the year earlier to more than $84.3 million, according to the latest numbers, released by the Central Bank.

The amount of remittances sent from Armenia to other countries grew to $42.6 million from $42.5 million in January 2016 (an increase of 0.3%). The net inflow of remittances in 2017 January amounted to about $41.6 million against $19.9 million in January 2016 (an increase of 2 times).

The amount of remittances from Russia in January 2017 increased by 34.5% from 2016 January. The amount of remittances from Armenia fell by 7% to $16.6 million.

According to the Central Bank, a total of $1.532.8 billion arrived in Armenia last year as private remittances, by 6% less than in 2015 and $816.9 million were remitted form Armenia to other countries (an increase of 7.3%). As a result, the net inflow of remittances in the past year stood at about $715.9 million (a decrease of 17%).

The Central Bank predicts an increase of 4-6% in the net inflow of remittances to Armenia in 2017. -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.

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.

LATEST NEWS

spot_imgspot_imgspot_img