YEREVAN, 22 November. /ARKA/. The largest portion of non-commercial money transfers that came to Armenia in January-September 2024 was from Russia and the United States, which accounted for 78.0% of the total inflow in the first 9 months, according to the Armenian Ministry of Economy.
Money transfers from Russia totalled over $2.5 billion with a 14.3% decline compared to the same period last year. The money transfers from the USA upped by 4.6% to $505.3 million.
According to the ministry, the total inflow of money transfers in January-September 2024 reached over $3.9 billion, down 7.0% compared to the same period last year, while the net inflow was down 33.3% to $888 million.
The Ministry of Economy, cited IMF’s economic forecast, which predict economic growth in the US and Russia of e 2.8% and 3.6% in 2024, respectively, and 2.2% and 1.3% in 2025, respectively. -0-
