Net inflow of money transfers to Armenia from abroad decreased by almost 1.2 times in 4 months

YEREVAN, June 4. /ARKA/. The net inflow of cross-border transfers in favor of individuals in Armenia, received from abroad through the banking system of the Republic of Armenia, in January-April 2025 amounted to $273.4 million against $327.5 million in January-April 2024, according to the report of the Central Bank of the Republic.

Thus, this indicator decreased by almost 1.2 times year-on-year.

At the same time, in April of this year, the net inflow amounted to $129.7 million against about $49 million in April last year.

The inflow of cross-border transfers in favor of individuals in Armenia, received from abroad through the banking system of the Republic of Armenia, in the four months of this year amounted to $1.8 billion against $1.7 billion in the same period last year.

Among the leaders in transfers to Armenia are Russia with $332 million and the United States with $52.6 million. At the same time, Russia and the United States were also leaders in transfers to Armenia in January-April last year ($309.1 million and $53.1 million, respectively).

At the same time, the outflow of transfers of individuals from Armenia abroad, carried out through the banking system of the Republic of Armenia, for the reporting period of 2025 amounted to $1.5 billion against $1.3 billion for the same period of 2024.

Switzerland ($289.6 million) and the UAE ($237.7 million) are the leaders in transfers from Armenia abroad over the four months. In January-April 2024, the leaders were the UAE ($232.4 million) and Russia ($194.2 million). -0-

spot_img

POPULAR

The “New Partner” loan is gaining popularity among VTB (Armenia) clients

VTB (Armenia) is seeing steady growth in demand for its small business loan product with a simplified application process—no collateral required, no additional financial analysis required.

Armbanks Weekly Digest: Key Events in Armenia’s Financial Market (April 13–19)

The week in the Armenian financial market was influenced by updated assessments from international financial institutions, monetary policy signals, and the continued stability of the foreign exchange market.

In February, Armenia’s net inflow of non-commercial money transfers grew moderately after a jump in January – WB

In February, net non-commercial money transfers to Armenia grew by 5.2 percent (yoy), following a 44 percent (yoy) surge in January, according to World Bank's Armenia Monthly Economic Update – April 2026 .

Unibank will provide refunds to bona fide business clients

In light of the decision of the Central Bank of the Republic of Armenia dated April 2, 2026, to reduce risk coefficients for applications from micro, small, and medium-sized enterprises when calculating credit risk, Unibank is reviewing and improving its lending terms.

Armenia’s gross reserves rose to $5.5 billion in March, providing 4.1 months of import coverage – WB

Gross reserves in Armenia increased to $5.5 billion at the end of March, equivalent to 4.1 months of import coverage, according to the World Bank's "Armenia Monthly Economic Update – March 2026."

LATEST NEWS

spot_imgspot_imgspot_img