Fri, 5 September
21.1 C
Yerevan
USD: 384.03 RUB: 4.80 EUR: 443.29 GEL: 142.29 GBP: 510.11

Money transfers to Armenia grow by 125% in 9 months to $3.5 billion

YEREVAN, November 28. /ARKA/. Individual money transfers to Armenia processed by local banks as of late September 2022 increased by approximately $1.9 bln or 125% from September 2021 to $3.5 bln, the Union of Banks of Armenia (UBA) said in a report.

According to it, the bulk of money transfers – $2.3bln – came from the Russian Federation. It was followed by the United States with $493mln, Germany -$54mln, France – $43mln, Kazakhstan – $38mln, UAE – $25mln, Spain – $12mln, Ukraine – $4mln, China – $3mln. Smaller amounts were remitted from other countries.

Individual money transfers from Armenia to other countries through the banks increased by $880 million or 101.4% from 2021 September to $1.7 billion.

Some $310 million were sent to Russia, $210 million to the United States, $157 million to the UAE, $77 million to Germany, $62 million to China, $37 million to Spain, $34 million to France, $18 million to Ukraine, $6 million to Kazakhstan.

As a result, the net inflow of money transfers was $1.7 billion, a growth of 156%, or $1 billion from the year ago. Russia ($2 billion), USA ($282 million), Kazakhstan ($32 million) and France ($9 million) provided the positive balance. -0-

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Pashinyan discusses cooperation with Goldman Sachs President for Global Affairs

Armenian Prime Minister Nikol Pashinyan received  Friday Jared Cohen, President for Global Affairs at Goldman Sachs, one of the world's leading investment banks, the government press service reported.

Acba Bank’s 66th branch launched

Acba Bank has launched its 66th branch, "Homeplex Mall". The branch is open from Monday to Sunday from 09:00 to 24:00 (cash service: 09:00-21:15).

Cryptocurrency in Armenia: Stringent Regulations and Elevated Expectations

The future of cryptocurrencies in Armenia was a topic of discussion among participants at the Armenian Cryptocurrency Assets Forum, which recently took place in Yerevan.

ArCa payment system reinstated

The Armenian Card (ArCa) payment system has been completely reinstated, according to a report from the company's press service.

LATEST NEWS

spot_imgspot_imgspot_img