Tue, 9 September
21.1 C
Yerevan
USD: 382.77 RUB: 4.70 EUR: 447.46 GEL: 142.16 GBP: 515.90

Money transfers to Armenia in Q1 grew to $406 million

YEREVAN, May 19. /ARKA/. Individual money transfers to Armenia in the first quarter of 2021 grew by  14.7% or $52 million to $406 million, Executive Director of the Union of Banks of Armenia (UBA) Seyran Sargsyan said at a press conference on Wednesday.

According to him, the bulk  – about $154 million – came from Russia, another $118 million – from the United States, $13 million from Kazakhstan, $15 million from Germany, $12 million from France and smaller amounts from other countries.

He also noted that money transfers from Armenia to other countries in the first quarter increased by 3.9% or $10 million to $277 million.

According to him, $86 million were remitted to Russia,  $44 million to  the United States and smaller amounts to other countries. ($1 – 521.55 drams). -0-

spot_img

POPULAR

3.6% inflation registered in Armenia in August

n the consumer market of Armenia, 12-month inflation in August of this year amounted to 3.6%, according to the report of the National Statistical Committee (NSC) of Armenia.

ACBA Federation promotes rural tourism in Armenia: the success story of Manana guest house (video)

Four years prior, Astghik Ghazaryan, a professional educator, established the Manana guest house in her hometown of Marmarik.

AIIB prepared to support  advancement of Armenia’s economy – President

The Asian Infrastructure Investment Bank (AIIB) is poised to aid the development of Armenia's economic, scientific, and educational sectors by investing in initiatives that will foster the nation's long-term growth and strengthen regional connections.

Ranking of Armenia’s most profitable banks in 2024

ARKA news agency has released a ranking of the most profitable commercial banks in Armenia in 2024.

Freedom Broker Armenia ranks as one of the largest taxpayer in Armenia

Freedom Broker Armenia has been recognized as one of the largest taxpayers in the country, underscoring its leadership in the investment sector and commitment to sustainable business practices.

LATEST NEWS

spot_imgspot_imgspot_img