{"id":251363,"date":"2024-02-20T10:55:52","date_gmt":"2024-02-20T10:55:52","guid":{"rendered":"https:\/\/armbanks.am\/2024\/02\/20\/251363\/"},"modified":"2024-02-20T10:55:52","modified_gmt":"2024-02-20T10:55:52","slug":"wb-net-money-transfers-to-armenia-dropped-by-47-2-percent-yoy-in-december-2023","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2024\/02\/20\/251363\/","title":{"rendered":"WB: Net money transfers to Armenia dropped by 47.2 percent (yoy) in December 2023"},"content":{"rendered":"\n<p><strong>YEREVAN, February 20. \/ARKA\/.\u00a0\u00a0<\/strong>Net money transfers (both commercial and noncommercial) dropped by 47.2 percent (yoy) in December but were 4 times higher than the previous month\u0431\u00a0the\u00a0World Bank\u00a0says in its\u00a0\u00a0&#8220;Armenia Monthly Economic Update &#8211; February 2024&#8221;.<\/p>\n\n\n\n<p>Money transfer inflows contracted 19.4 percent (yoy), driven by a 30 percent drop in inflows from Russia.<\/p>\n\n\n\n<p>On the other hand, outflows increased by 9.6 percent (yoy), with Monaco, Russia, the UAE, and the USA as the main destinations.<\/p>\n\n\n\n<p>The exchange rate against the USD has been relatively stable since the beginning of 2024 while remaining about 2 percent weaker in yoy terms in early February (Figure 4). International reserves stood at USD 3.6 billion at end-January 2024, similar to the end-2023 level . A budget deficit of AMD 126 billion was recorded in December 2023, accounting for two thirds of the total 2023 deficit of AMD 189 billion.<\/p>\n\n\n\n<p>According to the Central Bank of Armenia,&nbsp;private&nbsp;cross-border money transfers amounted to $64.4 million in December 2023 against $15.9 million in November and against $119 million in December 2022. -0-<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Net money transfers (both commercial and noncommercial) dropped by 47.2 percent (yoy) in December but were 4 times higher than the previous month\u0431\u00a0the\u00a0World Bank\u00a0says in its\u00a0\u00a0&#8220;Armenia Monthly Economic Update &#8211; February 2024&#8221;.<\/p>\n","protected":false},"author":1,"featured_media":157879,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[9214,9216],"tags":[],"class_list":{"0":"post-251363","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-banks-en-en","8":"category-news"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/251363","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=251363"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/251363\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media\/157879"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=251363"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=251363"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=251363"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}