Thu, 31 July
33.1 C
Yerevan
USD: 383.84 RUB: 4.70 EUR: 442.91 GEL: 141.90 GBP: 512.96

Transfers to individuals in Armenia continue growing – daily

YEREVAN, February 21. /ARKA/. The volume of transfers addressed to individuals in Armenia continues to grow, the Zhogovurd reports. According to the newspaper, in December 2019, the net inflow of transfers from abroad to the bank accounts of individuals amounted to $ 65.8 million.

Compared to December 2018, the net inflow of transfers increased by $ 15.3 million. In December 2019, $ 150.3 million was taken from the country.

The paper also reports that the net inflow of transfers from Russia in December amounted to $ 45.7 million.

“It is clear that the main part of these funds is transferred by Armenians – labor migrants, and the funds are provided for the spending of their families,” the article says.

The net inflow of transfers from the United States increased sharply, in November 2019 it amounted to $ 10.8 million, while in December last year it reached $ 18.7 million. –0–

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Fitch expects inflation in Armenia to remain within the target level until 2027

International rating agency Fitch expects inflation in Armenia to remain within the target level until 2027, although soft fiscal policy and the projected moderate weakening of the dram create certain risks.

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.

Fitch forecasts Armenia to tighten fiscal policy after 2027

Fitch Ratings analysts forecast a tightening of fiscal policy by the republic's authorities in a new report on Armenia.

Arka news agency’s ranking of most profitable Armenian banks in 2019

In 2019, Armenia-based commercial banks earned a total of 78.8 billion drams in net profit, up from 56.4 billion drams they had earned in 2018, according to ARKA news agency's ranking of the most profitable commercial banks in the fourth quarter of 2019

LATEST NEWS

spot_imgspot_imgspot_img