YEREVAN, July 28./ARKA/. In May, net non-commercial money transfers continued robustgrowth, at 19.5 percent (yoy),- stated in the World Bank’s monthly review “Armenia Monthly Economic Update. July 2025”.
“Acceleration in net inflows from Russia of (expanding 48.3 percent, yoy) drove about a fifth of total growth, whereas net inflows from the United States dipped slightly”,- the study says.
According to the latest official data published by the Ministry of Finance of Armenia, in January-December 2024, the net inflow of money transfers to the republic decreased by 34.8%, while the decline from the Russian Federation was 52.3%, and from other countries – by 3.5%.
According to the Central Bank of Armenia, during 2024, 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, amounted to $1.51 billion against $1.65 billion in 2023.
