{"id":251773,"date":"2024-10-21T14:27:27","date_gmt":"2024-10-21T14:27:27","guid":{"rendered":"https:\/\/armbanks.am\/2024\/10\/21\/251773\/"},"modified":"2024-10-21T14:27:27","modified_gmt":"2024-10-21T14:27:27","slug":"decline-in-remittances-to-armenia-in-august-was-influenced-by-31-drop-in-remittances-from-russia-wb","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2024\/10\/21\/251773\/","title":{"rendered":"Decline in remittances to Armenia in August was influenced by 31% drop in remittances from Russia &#8211; WB\ufffc"},"content":{"rendered":"\n<p><strong>YEREVAN, October 21. \/ARKA\/.<\/strong> &nbsp;Net non-commercial money transfers contracted 18.6 percent (yoy) in August, according to World Bank\u2019s Armenia monthly economic update \u2013 October 2024.<\/p>\n\n\n\n<p>This was driven by a greater fall in inflows (15.5 percent, yoy) than outflows (9.8 percent, yoy). Net money transfers from Russia dropped sharply by 31 percent (yoy) in August, contributing to the total fall .<\/p>\n\n\n\n<p>Inflation in September was 0.6 percent (yoy), dropping from 1.3 percent (yoy) in August. One percent deflation in food prices was the main reason for the fall.<\/p>\n\n\n\n<p>Meanwhile, inflation in transport services reached 9 percent (yoy) in September. Average inflation for January-September 2024 was flat (zero percent).<\/p>\n\n\n\n<p>According to the Central Bank of Armenia, the net inflow of private cross-border remittances in August 2024 was $32 million against $202.4 million in August 2023. At the same time, the figure for Russia was $28.6 million ($278.8 million in August last year).-0-<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Net non-commercial money transfers contracted 18.6 percent (yoy) in August, according to World Bank\u2019s Armenia monthly economic update \u2013 October 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":[9214,9216],"tags":[],"class_list":{"0":"post-251773","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\/251773","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=251773"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/251773\/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=251773"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=251773"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=251773"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}