{"id":133991,"date":"2021-06-15T19:28:39","date_gmt":"2021-06-15T19:28:39","guid":{"rendered":"https:\/\/armbanks.am\/2021\/06\/15\/249870\/"},"modified":"2024-12-15T13:44:39","modified_gmt":"2024-12-15T13:44:39","slug":"armenias-central-bank-expects-private-remittances-to-armenia-to-grow-this-year-by-15-17","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2021\/06\/15\/133991\/","title":{"rendered":"Armenia&#8217;s Central Bank expects private remittances to Armenia to grow this year by 15-17%"},"content":{"rendered":"\n<p><strong>YEREVAN, June 15. \/ARKA\/. <\/strong>Armenia&#8217;s Central Bank expects the amount of private remittances sent to Armenia from Russia and other countries largely by labor migrants to grow this year by an average of 15-17%, Chairman of the Central Bank Martin Galstyan told reporters on Tuesday.<\/p>\n\n\n\n<p>He said the previous forecast was 7-9%. According to him, in the first months of 2021, the amount of private remittances was on the rise, reaching in some months more than 120%.<\/p>\n\n\n\n<p>He said during that period private remittances from USA, which has a vast Armenian community, saw a significant increase.<\/p>\n\n\n\n<p>&#8220;During the year, we expect also the remittances from the Russian Federation to show growth, as in March-April thousands of Armenian labor migrants traveled to Russia, which traditionally accounts for about 80% of all private money transfers sent to Armenia,&#8221; Galstyan said.<\/p>\n\n\n\n<p>He also noted that the volume of non-commercial money transfers in March increased by 145.6% and in April by 190%.<\/p>\n\n\n\n<p>The Executive Director of the Union of Banks of Armenia Seyran Sargsyan noted earlier that private money transfers to Armenia in the first quarter of 2021 increased by 14.7% or $52 million to $406 million.<\/p>\n\n\n\n<p>The bulk &#8211; about $154 million &#8211; came from Russia, which was followed by&nbsp;&nbsp;the United States &#8211; $118 million, Kazakhstan &#8211; $13 million, Germany &#8211; $15 million and France &#8211; $12 million.<\/p>\n\n\n\n<p>Money transfers abroad from Armenia in the first quarter increased by 3.9% or $10 million to $277 million. Russia accounted for about $86 million, followed by the United States &#8211; $44 million. As a result, the net inflow of foreign exchange to Armenia in the first quarter amounted to $129 million. \u20130&#8211;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Armenia&#8217;s Central Bank expects the amount of private remittances sent to Armenia from Russia and other countries largely by labor migrants to grow this year by an average of 15-17%, Chairman of the Central Bank Martin Galstyan told reporters on Tuesday<\/p>\n","protected":false},"author":1,"featured_media":157415,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[12315,9214,9216],"tags":[15837,15865,12301,308],"class_list":{"0":"post-133991","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-announces","8":"category-banks-en-en","9":"category-news","10":"tag-armenia-2","11":"tag-central-bank-2","12":"tag-remittances","13":"tag-308"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/133991","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/comments?post=133991"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/133991\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media\/157415"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=133991"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=133991"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=133991"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}