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

Euro and dollar exchange rates against the Armenian dram fell, while the ruble continued to rise – Central Bank of Armenia 

The average market exchange rate of the US dollar against the Armenian dram, established on Armenia's currency market, fell by 0.48 points on October 13 compared to October 12, settling at 361.73 drams.

EFSD Raises Armenia’s 2026 Economic Growth Forecast to 5.8%

The Eurasian Fund for Stabilization and Development (EFSD) has raised its GDP growth forecast for Armenia for 2026 to 5.8%, up from the previously expected 5.5%.

Exchange rates of the euro, dollar, and ruble against the Armenian dram have fallen – Central Bank of Armenia data

The average market exchange rate of the US dollar against the Armenian dram in Armenia's foreign exchange market fell by 0.3 points on October 14, 2026, compared to October 13, settling at 361.43 drams.

As part of its 35th-anniversary events, IDBank has signed a Memorandum of Understanding with the Matenadaran

A new biodiversity park will be established in the heart of the capital, covering approximately 1.2 hectares adjacent to the Matenadaran.

The “Physmath Friends” Charitable Foundation is the October beneficiary of “The Power of One Dram”

Within the framework of "The Power of One Dram" initiative, AMD 4,648,503 accumulated during September was directed to organizing the "Climate Change and Women" award ceremony, which aims to highlight women's contributions to combating climate change and preserving biodiversity.

LATEST NEWS

spot_imgspot_imgspot_img