Mon, 30 June
21.1 C
Yerevan
USD: 384.32 RUB: 4.89 EUR: 450.23 GEL: 141.11 GBP: 527.56

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

ADB lowers Armenia’s economic growth forecast for 2025 to 5%, 4.7% expected in 2026

The Asian Development Bank has lowered Armenia's economic growth forecast for 2025 to 5%, said Don Lambert, ADB Country Director for Armenia.

Armenia’s top 5 banks by asset size for Q3 2023

According to ARKA news agency's quarterly bulletin 'Banks of Armenia,' the top 5 commercial banks of Armenia by asset size as of 30.09.2023 were Ardshinbank, Ameriabank,  Armbusinessbank, Acba Bank and Inecobank

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.

ADB forecasts inflation in Armenia at 3% in 2025 and 2.8% in 2026

The Asian Development Bank (ADB) forecasts inflation in Armenia at 3% in 2025, said Don Lambert, Director of the Bank’s Resident Mission in Armenia.

Byblos Bank Armenia becomes CaseKey strategic partner

Byblos Bank Armenia has become the strategic partner of the CaseKey Business Case Competition, emphasizing the importance of continuous investment in promising educational programs.

LATEST NEWS

spot_imgspot_imgspot_img