Armenia singled out for large amounts of money transfers to Russia

YEREVAN, April 17. /ARKA/. The volume of money transfers from the CIS countries to Russia in March grew by 47%, compared with January, TASS reported Friday referring to Izvestia, which presents figures of the Unistream money transfer system.

According to the publication, in transferring funds to Russia, Armenia, Kazakhstan and Tajikistan are singled out for largest amounts. The increase in the number of transfers to Russia is associated with the support of relatives from abroad, the newspaper notes.

Instead, money transfers from Russia to foreign countries in March shrank 11%, compared with the beginning of the year. Most often, money was transferred from Russia to Armenia, Belarus, Georgia, Kazakhstan, Kyrgyzstan, Moldova, Tajikistan, Uzbekistan, the Czech Republic and Israel.
According to experts polled by Izvestia, the decrease in cash flow from Russia abroad is due to the closure of borders and enterprises, and therefore labor migrants were left without work. -0-

spot_img

POPULAR

Armbanks Weekly Digest: Key Events in the Armenian Financial Market (May 4-10)

The week in the Armenian financial market was influenced by decisions and statements by the Central Bank, updated macroeconomic data, and capital market activity.

Unibank Sponsored the “Upside Down” Sport Climbing Festival

With the support of the Sport Climbing Federation of Armenia, the “Upside Down” sport climbing festival took place at the Ver Var bouldering gym, with Unibank acting as the sponsor of the event.

“Cannot deliver your package”. IDBank warns about fake messages from ‘’HayPost’’

In Armenia, a wave of mass messages is being recorded that exploit trust in the national postal operator HayPost. Attackers use the expectation of the package as a fake reason to steal banking data or install spyware on users’ smartphones.

Planning your trip from a scratch: tips from IDBank

Have you already decided where you want to spend your vacation? While being on a trip is always associated with pleasant expectations, planning it can sometime turn into a real disaster.

Assets of Armenian credit institutions increased by 11.87% to 882.4 billion drams in the first quarter of 2026

The total assets of Armenia's credit institutions as of March 31, 2026, amounted to 882.4 billion drams, an increase of 11.87% compared to March 31, 2025. This is evidenced by the consolidated financial report of the country's credit institutions.

LATEST NEWS

spot_imgspot_imgspot_img