Mon, 28 July
22.1 C
Yerevan
USD: 383.94 RUB: 4.85 EUR: 450.25 GEL: 141.78 GBP: 516.63

Net inflow of private money transfers to Armenia in first half of 2022 close to one billion USD

YEREVAN, August 2. /ARKA/.  The net inflow of private money transfers to Armenia in the first half of 2022 amounted to over $978.9 million, with a 2.56-fold increase compared to the first half of 2021, according to the Central Bank of Armenia.

It said the net inflow of private money transfers in April-June surged by 4.2 times compared to the first quarter of this year – from almost $183.3 million to $791.7 million.

According to the Central Bank, money transfers from Russia prevail. In the first half of the year nearly $917.5 million were remitted to Armenia, almost a five-fold rise compared to the first quarter of 2021.

Net inflows of money transfers from the U.S. came close to $187.6 million, up from $167.8 million in January-June 2021. However, the share of money transfers from the USA fell to 19.2% in the total inflow from 43.8% a year earlier. –0–

spot_img

POPULAR

Fitch expects inflation in Armenia to remain within the target level until 2027

International rating agency Fitch expects inflation in Armenia to remain within the target level until 2027, although soft fiscal policy and the projected moderate weakening of the dram create certain risks.

A scheme for stealing funds through fake investment platforms  exposed in Yerevan

A criminal group operating in one of the capital's business centers and stealing citizens' money through Internet calls has been exposed in Armenia, the Investigative Committee of Armenia reports.

Fitch forecasts Armenia to tighten fiscal policy after 2027

Fitch Ratings analysts forecast a tightening of fiscal policy by the republic's authorities in a new report on Armenia.

Armenia’s economy to stabilize on 5.5% growth trajectory in 2025 – EDB forecast

According to EDB forecasts, Armenia's economy will stabilize on a 5.5% growth trajectory with domestic demand remaining the main driver of development.

Top 10 banks of Armenia by loan portfolio for 1st H 2020

ARKA News Agency has singled out ten banks for their big loan portfolios as of June 30, 2020

LATEST NEWS

spot_imgspot_imgspot_img