Non-commercial remittances to Armenia increased by 29.1% in August – World Bank

YEREVAN, October 21. /ARKA/.  In August, net non-commercial money transfers to Armenia continued to recover, rising 29.1 percent (yoy), the World Bank says in its latest  Armenia Monthly Economic Update – October 2025 report.

According to it, this was driven by a 62.7 percent (yoy) increase in net inflows from Russia, representing 64 percent of total net inflows, and a 9.7 percent (yoy) rise in net inflows from the United States.

According to the Central Bank of Armenia, in August of this year, the net inflow of non-commercial money transfers to Armenia amounted to $72.9 million, compared to $56.4 million in July of last year.-0-

spot_img

POPULAR

Armbanks Weekly Digest: Key Events in the Armenian Financial Market (March 23–29)

The week in the Armenian financial market was marked by a combination of fiscal clarifications, regulatory changes, and institutional decisions.

The average exchange rate of the Armenian dram to US dollar in March was 3.9% lower than a year ago

In March 2026, the average exchange rate of the Armenian dram to the US dollar was 377.4 drams, compared to 392.8 drams in March 2025, according to data from the Statistical Committee.

Regular disclosure of information by issuers is one of key conditions for development of Armenian capital market – Ministry of Economy

Capital market development in Armenia is increasingly dependent not only on the growth in the number of issues and the expansion of instruments, but also on the quality of the environment in which investors make decisions.

VTB (Armenia) has simplified car loan process in primary market

VTB (Armenia) has launched a simplified car loan program for the purchase of new cars at more than 50 car dealerships in the market.

Mher Grigoryan considers ADB’s participation in key projects for Armenia important

Armenian Deputy Prime Minister Mher Grigoryan and Asian Development Bank (ADB) Regional Managing Director Leah Gutierrez discussed the implementation of joint programs.

LATEST NEWS

spot_imgspot_imgspot_img