Tue, 16 September
17.1 C
Yerevan
USD: 383.12 RUB: 4.62 EUR: 450.36 GEL: 141.63 GBP: 521.31

A total of $ 23.7 billion remitted to Armenia in 2004-2017

YEREVAN, August 1. / ARKA /. A total of $23.7 billion were remitted to Armenia in 2004-2017 as individual money transfers through the banks, of which $18.2 billion were money transfers for non-commercial purposes, the Central Bank of Armenia said.

The average amount of annual remittances stood at $1.7 billion, while the average annual growth was 6.6%. At the same time, the average annual inflow of remittances for non-commercial purposes only amounted to about $1.3 billion, growing on average by 5.4%.

According to the Central Bank, in 2004-2017 over $11.6 billion were remitted abroad by physical persons from Armenia, of which $3.6 billion for non-commercial purposes. The average annual outflow of money for the reporting period was $0.8 billion with an average annual growth of 5.8%. The average annual outflow of remittances only for non-commercial purposes was about $0.3 billion, growing by 4.4%.

According to the Central Bank, money transfers to Armenia in 2017 amounted to $1.756.4 billion (an increase of 14.5% from the previous year), and the outflow was $1.024.9 billion (an increase of 25.4%). As a result, the net inflow of remittances was about $731.5 million (an increase of 2.2%). ($ 1 – 480.82 drams). -0-

spot_img

POPULAR

3.6% inflation registered in Armenia in August

n the consumer market of Armenia, 12-month inflation in August of this year amounted to 3.6%, according to the report of the National Statistical Committee (NSC) of Armenia.

Central Bank of Armenia initiates discussions on draft by-laws related to Law on Cryptoassets

The Central Bank of Armenia is set to conduct a public discussion on  the draft by-laws essential for implementing the Law on Cryptoassets, which became effective on July 4 of this year, as reported by the regulator's press service.

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Ranking of Armenia’s most profitable banks in 2024

ARKA news agency has released a ranking of the most profitable commercial banks in Armenia in 2024.

The UAE instead of Europe : why Armenia needs to change its approach to crypto regulation – EXCLUSIVE

The Armenian Forum on Cryptocurrency Assets, organized by the Cilicia Business Club, was recently conducted in Yerevan.

LATEST NEWS

spot_imgspot_imgspot_img