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

Armenia to increase participant limit for private investment funds from 49 to 99

The National Assembly of Armenia adopted an amendment to the law "On Investment Funds" in its first reading at its session on Thursday.

Armbanks Weekly Digest: Key Events in Armenia’s Financial Market (June 8-14)

The week in Armenia's financial market was influenced by decisions by international financial institutions, currency dynamics, capital market data, and the debt agenda.

Central Bank of Armenia does not expect a significant inflationary effect from the increase in excise taxes

Raising excise taxes on certain goods will not lead to significant inflationary consequences in Armenia, according to Central Bank Chairman Martin Galstyan.

Core inflation in Armenia rose to 5% and continues its upward trend – WB

Core inflation in Armenia rose to 5% (y/y) in May, exceeding the headline inflation rate and continuing its upward trend, according to the World Bank's "Armenia Monthly Economic Update – June 2026."

Armenia to Raise Dividend Tax on Banks Starting in 2027

At its session on Thursday, the National Assembly of Armenia adopted amendments to the Tax Code and the RA Law "On State Duty" in the first reading.

LATEST NEWS

spot_imgspot_imgspot_img