{"id":251719,"date":"2024-09-24T12:16:43","date_gmt":"2024-09-24T12:16:43","guid":{"rendered":"https:\/\/armbanks.am\/2024\/09\/24\/251719\/"},"modified":"2024-09-24T12:16:43","modified_gmt":"2024-09-24T12:16:43","slug":"non-commercial-net-transfers-to-armenia-fell-by-38-1-in-july-due-to-23-1-decline-in-inflows-wb","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2024\/09\/24\/251719\/","title":{"rendered":"Non-commercial net transfers to Armenia fell by 38.1% in July due to 23.1% decline in inflows &#8211; WB"},"content":{"rendered":"\n<p><strong>YEREVAN, September 24 \/ARKA\/.<\/strong> Non-commercial net remittances to Armenia decreased by 38.1% (year-on-year) in July, driven by a 23.1% decline in inflows, according to the World Bank\u2019s \u201cArmenia Monthly Economic Update \u2013 September 2024\u201d.<\/p>\n\n\n\n<p>&#8220;In annual basis, remittance inflows from Russia fell by 42% in July, while they increased slightly on a month-on-month basis. Meanwhile, inflows from the US increased by 8.8%,&#8221; the study notes.<\/p>\n\n\n\n<p>Analysts note that the outflow of remittances (especially to the UK and the US) also increased, which contributed to the decline in net inflows. Outflows to Russia fell by 13%.<\/p>\n\n\n\n<p>According to the Central Bank of Armenia, the net inflow of non-commercial transfers to Armenia from abroad in July amounted to $89.8 million.<\/p>\n\n\n\n<p>In general, the net inflow of cross-border transfers in favor of individuals in Armenia, received from abroad through the Armenian banking system, in January-July 2024 amounted to $758.7 million (in July &#8211; $163.3 million) against $1.03 billion for the seven months of 2023 (in July &#8211; $133.3 million). -0-<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Non-commercial net remittances to Armenia decreased by 38.1% (year-on-year) in July, driven by a 23.1% decline in inflows, according to the World Bank\u2019s \u201cArmenia Monthly Economic Update \u2013 September 2024\u201d.<\/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":[9214,9216],"tags":[],"class_list":{"0":"post-251719","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\/251719","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=251719"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/251719\/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=251719"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=251719"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=251719"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}