Sun, 22 June
19.1 C
Yerevan
USD: 385.68 RUB: 4.92 EUR: 444.38 GEL: 141.53 GBP: 520.48

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

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Ranking of Armenia’s most profitable banks in 2024

ARKA news agency has released a ranking of the most profitable commercial banks in Armenia in 2024.

Acba Bank donates amd 130 million to Military Insurance Fund (video)

Acba bank and other members of the financial group - ACBA Leasing and Amundi-ACBA - have donated more than AMD 130 million to Armenia's Military Insurance Fund in recent months, the press service of the bank reported

ADB lowers Armenia’s economic growth forecast for 2025 to 5%, 4.7% expected in 2026

The Asian Development Bank has lowered Armenia's economic growth forecast for 2025 to 5%, said Don Lambert, ADB Country Director for Armenia.

LATEST NEWS

spot_imgspot_imgspot_img