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

A story of people, goals, and trust: Acba Bank’s 30-year journey (VIDEO)

Thirty years ago, a group of young people with a bold vision and rather limited resources launched an enterprise whose future scale was difficult to imagine.

Net inflow of remittances to Armenia from abroad doubled over 8 months

The net inflow of cross-border remittances to individuals in Armenia, received from abroad via the banking system of the Republic of Armenia, totaled $1.8 billion in January–August 2026, compared to $889.3 million in January–August 2025, according to a report by the republic's Central Bank.

Donate Blood, Save Lives: Idram&IDBank

To support the replenishment of necessary blood supplies and promote a culture of blood donation, Idram and IDBank have joined the voluntary blood donation initiative organized by the Yeolyan Hematology and Oncology Center.       

Armenia and World Bank Discuss Priorities for Tax and Customs Administration Reform

Priorities for the next phase of tax and customs administration reform in Armenia were discussed during a meeting between Eduard Hakobyan, Chairman of the State Revenue Committee (SRC) of Armenia, Fabrizio Zarcone, Head of the World Bank Office in Yerevan, and Alexandra Cole, the UK Ambassador to Armenia.

US dollar and ruble exchange rates against the Armenian dram rose, while the euro rate fell – Central Bank of Armenia data

The average market exchange rate of the US dollar against the Armenian dram in Armenia's currency market rose by 0.18 points on October 7 compared to October 6, reaching 362.32 drams.

LATEST NEWS

spot_imgspot_imgspot_img