Net inflow of remittances to Armenia from abroad increased approximately 2.3-fold in the first half of the year

YEREVAN, August 3. /ARKA/. The net inflow of cross-border transfers to individuals in Armenia, received from abroad through the Armenian banking system, amounted to $1.38 billion in January-June 2026, compared to $587.6 million in January-June 2025, according to a report from the Central Bank of the Republic.

Thus, this figure increased 2.34-fold year-on-year.

Moreover, in June alone, net remittance inflow amounted to $292.5 million, compared to $75.9 million in May of last year. The inflow of cross-border transfers to individuals in Armenia, received from abroad through the Armenian banking system, amounted to $3.57 billion in the first half of this year, compared to $2.76 billion in the first six months of last year.

The leading countries for transfers to Armenia were Russia with $2.42 billion and the United States with $399.7 million. Furthermore, Russia and the United States also led transfers to Armenia in the 2025 reporting period ($1.77 billion and $327.6 million, respectively).

At the same time, the outflow of transfers from individuals from Armenia abroad, made through the Armenian banking system, amounted to $2.19 billion in the first half of 2026, compared to $2.17 billion in the same period of 2025.

The United States ($340.7 million) and the UAE ($307.5 million) led transfers from Armenia abroad in the reporting months. In January-June 2025, the leaders were the UAE ($343.5 million) and Switzerland ($343.3 million).

spot_img

POPULAR

Credit investments by Armenian banks exceeded 9 trillion drams in the first 9 months

As of September 30, 2026, credit investments by Armenian banks reached 9.01 trillion drams.

Central Bank of Armenia adopts measures to avert worst-case economic scenarios

The Central Bank of Armenia has shifted its focus from a single baseline scenario to an analysis of multiple potential scenarios, aiming to identify those that pose the most significant threats, according to the regulator’s Governor, Martin Galstyan.

ACBA Bank Publishes Its First Sustainability Report

ACBA Bank has published its first sustainability report, presenting its performance in the areas of Environmental, Social, and Governance (ESG) factors, the bank’s press service reported.

Armenia to subsidize interest rates on loans and leases for energy storage systems — by up to 10 percentage points

Armenia is introducing a state subsidy for interest rates on loans and leases used to purchase electrical energy storage systems, announced Armenian Minister of Economy Gevorg Papoyan.

Armenia Seeks to Extend Cashback Program for Pensioners Through 2029

Armenia plans to extend a program offering a 20% cashback to pensioners on non-cash purchases made with bank cards until the end of 2029, according to the Ministry of Labor and Social Affairs of the Republic of Armenia.

LATEST NEWS

spot_imgspot_imgspot_img