Mon, 7 July
26.1 C
Yerevan
USD: 384.26 RUB: 4.88 EUR: 452.58 GEL: 141.37 GBP: 524.44

Money transfers from Russia to Armenia hit record-breaking level in 2021

YEREVAN, January 30, /ARKA/. Individual remittances from Russia to Armenia in the first 11 months of 2022 quadrupled from the same time span of 2021 to almost $3.1 billion, Russian news site RBC.RU reported. They accounted for just over two-thirds of total remittance inflows to Armenia.

This is a record-breaking figure since 2004.

A sizeable portion of that money was remitted to Armenia by tens of thousands of Russians who relocated to Armenia after the outbreak of the war in Ukraine and especially after Russia declared partial mobilization.

Overall, money transfers from Russia to Kazakhstan, Uzbekistan, Kyrgyzstan, Armenia, and Georgia in 2022 were reported at record-breaking levels, several times the figures for 2021.-0-

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Armenian parliament approves annual report on execution of 2024 state budget

At a session on Thursday, the National Assembly of Armenia approved the annual report on the execution of the 2024 state budget.

Market capitalization increased by 39% in April over the year, exceeding AMD 462 billion – Armenian Stock Exchange

Stock market capitalization increased by 39% in April over the year, exceeding AMD 462 billion, the press service of the Armenia Securities Exchange (AMX) reported.

Central Bank of Armenia considering introducing long-term mechanisms for insurance against fraud

The Central Bank of Armenia is considering the possibility of introducing mechanisms for insurance against fraud.

Armenia’s Total Public Debt grows to over $13 Billion

Armenia's total public debt as of February 28, 2025 amounted to $13,027.848 million, an increase of $140.853 million compared to January 31, 2025, the National Statistical Committee reported.

LATEST NEWS

spot_imgspot_imgspot_img