Wed, 3 September
29.6 C
Yerevan
USD: 384.03 RUB: 4.80 EUR: 443.29 GEL: 142.29 GBP: 510.11

Inflow of money transfers into Armenia accounts for 16.7% year-on-year growth and outflow for 27%

YEREVAN, December 21. /ARKA/. Around $1 397.7 million has come to Armenia over the first ten months of this year through banks as noncommercial individual transfers – 16.7% less than in the same period a year earlier, the Central Bank of Armenia says on its website.

Money transfers from Armenia abroad totaled $814.5 million in Jan-Oct 2017 against $641.1 million in the same period a year before 26.9% year-on-year growth.

As a result, net inflow of remittances amounted to $583.5 million in Jan-Oct 2017 accounting for a 4.8% year-on-year growth.

Remittances from Russia grew 17.2% to $853 million, and outflow from Armenia to Russia grew 10.4% to $309.7 million.

According to the Central Bank of Armenia, $1 532.8 million has been transferred to Armenia in 2016 – a 6 percent decline and $816.9 million has been transferred from Armenia outside – a 7.3% growth.

As a result, net inflow amounted to about $715.9 million (17% decline). ($1 – AMD 481.54). –0—

spot_img

POPULAR

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.

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Measures to encourage cashless transactions discussed in Armenia

The Armenian government, chaired by Prime Minister Nikol Pashinyan, convened a meeting yesterday to deliberate on initiatives aimed at promoting cashless transactions, the government press service reported.

ArCa payment system reinstated

The Armenian Card (ArCa) payment system has been completely reinstated, according to a report from the company's press service.

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.

LATEST NEWS

spot_imgspot_imgspot_img