Wed, 14 January
-0.9 C
Yerevan
USD: 380.83 RUB: 4.83 EUR: 444.28 GEL: 141.25 GBP: 512.94

Non-commercial remittances to Armenia grew 42.3% in July – WB

YEREVAN, September 30. /ARKA/. In July, net non-commercial money transfers continued strong growth, at 42.3 percent (yoy), according to the World Bank’s “Armenia Monthly Economic Update – September 2025.”

“This was driven by a 68.9 percent (yoy) increase in net inflows from Russia, representing 65 percent of total net inflows, and a 16.4 percent (yoy) rise in net inflows from the United States,” the study notes.

According to the Central Bank of Armenia, in July of this year, the net inflow of non-commercial cross-border transfers to individuals in Armenia, received from abroad through the Armenian banking system, amounted to $72.6 million, compared to $51 million in July of last year.-0-

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Armenia approves amendments to agreement on automatic exchange of financial account information

During a meeting on Thursday, the Armenian government gave its approval to a draft law that ratifies the amendment to the Multilateral Agreement of Competent Authorities regarding the "Automatic Exchange of Financial Account Information," which was signed on October 14, 2014.

Market capitalization increased by 6.29% in December to approximately 467 billion drams – Armenia Stock Exchange

 Armenia Stock Exchange (AMX) has summarized the trading activity for December 2025. During the month, a dynamic trading environment has been maintained, highlighting growing investor confidence and market activity.

Armenia’s financial system in December 2025: interest rate declines, lending grows

In December 2025, Armenia's financial market was characterized by a combination of moderate monetary easing, continued high growth rates in bank lending, and the continued development of capital market instruments.

LATEST NEWS

spot_imgspot_imgspot_img