Mon, 1 December
1.1 C
Yerevan
USD: 381.43 RUB: 4.86 EUR: 440.89 GEL: 141.17 GBP: 503.72

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

Ranking of the most profitable banks in Armenia based on results of second quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the second quarter of 2025.

Net loan portfolio of Armenian banks in Q2 2025 increased by 6.11% to AMD 6.8 trillion

The combined loan portfolio of 17 Armenia-based commercial banks upped  by 6.11% in Q2 2025 compared to Q1 2025, amounting to AMD 6.82 trillion, according to a ranking compiled by  the ARKA news agency.

Moody’s upgrades Converse Bank’s ratings

Moody's Ratings has upgraded Converse Bank CJSC's long-term local and foreign currency bank deposit ratings to Ba3 from B1, aligning the Bank’s rating with Armenia’s sovereign rating.

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

USD, EUR and RUB exchange rates rise against Armenian dram 

The average market exchange rate of the U.S. dollar to the Armenian dram on May 21, 2025, rose by 0.14 points to AMD 385.06 compared to May 20.

LATEST NEWS

spot_imgspot_imgspot_img