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

Armenian bank assets grew by 8.1% in the first half of the year, reaching 13.8 trillion drams — Union of Banks of Armenia

The total assets of Armenian banks as of June 30, 2026, amounted to 13.8 trillion drams, an increase of 8.1% since the beginning of the year, announced Daniel Azatyan, Chairman of the Union of Banks of Armenia.

Euro rose against the Armenian dram, while the dollar and ruble continued to decline: Central Bank

The average market exchange rate for the US dollar against the Armenian dram, formed on the Armenian foreign exchange market, fell by 0.34 points on July 29, 2026, compared to July 28, to 366.2 drams.

Moody’s Upgrades Unibank’s Rating Outlook to Positive and Affirms B1 Long-Term Deposit Ratings

Moody’s Ratings has affirmed Unibank’s long-term deposit ratings at B1, as well as its b2 BCA and Adjusted BCA.

Armenia to prepare action plan to implement MONEYVAL recommendations — Union of Banks

Armenia's interdepartmental commission will soon present for discussion an action plan to implement MONEYVAL recommendations, said Daniel Azatyan, Chairman of the Union of Banks of Armenia, in response to a question from ARKA news agency.

Head of the Union of Banks of Armenia expects the situation with the acceptance of cash rubles by Armenian banks to be resolved

The situation with the acceptance of Russian cash rubles by Armenian banks will be largely resolved, stated Daniel Azatyan, Chairman of the Union of Banks of Armenia.

LATEST NEWS

spot_imgspot_imgspot_img