YEREVAN, February 5. /ARKA/. Private cross-border remittances sent to Armenia through banks in 2023 amounted to about $5.7 billion, up from about $5.2 billion sent in 2022, the Central Bank reported.
The largest amount was remitted from Russia – $3.94 billion vs. $3.6 billion in 2022. It was followed by the United States – $663.2 million vs. $670.9 million in 2022, and Switzerland – $140.8 billion vs. $95.7 million in 2022.
The remittances from Armenia to other countries through the banks amounted to $4.04 billion, up from $2.61 billion in 2022.
Some $641.4 million were remitted to Russia, up from $453 million in 2022; $571 million were remitted to the United Arab Emirates, up from $275.3 million in 2022 and $465 million were sent to the USA< up from $327.8 million in 2022.
The net inflow of cross-border money transfers in 2023 was $1.65 billion vs. $2.58 billion in 2022. -0-
