{"id":153255,"date":"2024-02-16T10:46:48","date_gmt":"2024-02-16T10:46:48","guid":{"rendered":"https:\/\/armbanks.am\/2024\/02\/16\/251358\/"},"modified":"2024-12-15T13:53:47","modified_gmt":"2024-12-15T13:53:47","slug":"remittance-outflows-from-armenia-up-55-to-4-billion-in-2023-edb","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2024\/02\/16\/153255\/","title":{"rendered":"Remittance outflows from Armenia up 55% to $4 billion in 2023- EDB"},"content":{"rendered":"\n<p><strong>YEREVAN, February 16. \/ARKA\/. <\/strong>Remittance outflows from Armenia soared by 55% in 2023 to\u00a0\u00a0$4 billion in 2023, leading to a 36% YoY decline in net cross-border remittances, the Eurasian Development Bank says in a\u00a0\u00a0macroeconomic review for February 2024.<\/p>\n\n\n\n<p>&#8220;In 2023 the inflow of private cross-border remittances amounted to $5.7 billion (+9.7% YoY), remaining at historically high levels. In 2022 their&nbsp;&nbsp;inflow amounted to $5.1 billion against $1.9 billion, on average, per year in 2018-2021),&#8221; the review says.<\/p>\n\n\n\n<p>According to the Central Bank of Armenia,&nbsp;&nbsp;private remittances from Russia in 2023 amounted to $3.94 billion versus $3.6 billion in 2022. Remittances from the United States dropped to&nbsp;&nbsp;$663.2 million from&nbsp;&nbsp;$670.9 million and remittances from Switzerland grew to&nbsp;&nbsp;$140.8 billion&nbsp;from&nbsp;&nbsp;$95.7 million.<\/p>\n\n\n\n<p>Remittances from Armenia to Russia grew to $641.4 million from&nbsp;&nbsp;$453 million in 2022,&nbsp;&nbsp;remittances to&nbsp;&nbsp;UAE surged to&nbsp;&nbsp;$571 million from $275.3 million, and remittances to&nbsp;&nbsp;the United States grew to&nbsp;&nbsp;$465 million from $327.8 million.<\/p>\n\n\n\n<p>Net cross-border remittance inflows&nbsp;in&nbsp;&nbsp;2023&nbsp;stood at&nbsp;&nbsp;$1.65 billion vs. $2.58 billion&nbsp;in&nbsp;&nbsp;2022. -0-<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Remittance outflows from Armenia soared by 55% in 2023 to\u00a0\u00a0$4 billion in 2023, leading to a 36% YoY decline in net cross-border remittances, the Eurasian Development Bank says in a\u00a0\u00a0macroeconomic review for February 2024<\/p>\n","protected":false},"author":1,"featured_media":157567,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[12139,9216],"tags":[],"class_list":{"0":"post-153255","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy-en","8":"category-news"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/153255","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=153255"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/153255\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media\/157567"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=153255"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=153255"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=153255"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}