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—
