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

The Power of One Dram April Beneficiary: Davitbek Games NGO

The beneficiary of “The Power of One Dram” initiative for April is “Davitbek Games” NGO.

KPMG’s audit of Renshin confirms the accuracy of its financial statements – CFO

“The audit confirms key parameters such as capital adequacy, liquidity, and asset quality՞, said Kristine Chichyan, the company’s CFO.

Central Bank of Armenia website and centralized registry of bank accounts may be unavailable for four hours on April 14

The Central Bank of Armenia website and the centralized registry of bank accounts may be temporarily unavailable on April 14 from 7:00 PM to 11:00 PM due to scheduled maintenance of the information systems.

Euro and dollar exchange rates fall against Armenian dram

The average market exchange rate of the US dollar to the Armenian dram, formed on the Armenian foreign exchange market as of April 15, 2026, decreased by 0.71 points compared to April 14, to 374.48 drams.

Byblos Bank Armenia joins FinTech Armenia as Founding Member

Byblos Bank Armenia has joined FinTech Armenia Association as a Founding Member, marking a significant milestone in the Bank’s ongoing efforts to drive digital transformation and innovation within the financial sector.

LATEST NEWS

spot_imgspot_imgspot_img