{"id":98541,"date":"2016-06-01T13:29:20","date_gmt":"2016-06-01T13:29:20","guid":{"rendered":"https:\/\/armbanks.am\/2016\/06\/01\/244762\/"},"modified":"2024-12-15T13:24:00","modified_gmt":"2024-12-15T13:24:00","slug":"private-remittances-to-armenia-drop-by-almost-9-percent-in-april","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2016\/06\/01\/98541\/","title":{"rendered":"Private remittances to Armenia drop by almost 9 percent in April"},"content":{"rendered":"<p><strong>YEREVAN, June 1, \/ARKA\/.<\/strong> Private remittances sent to Armenia in 2016 April via banks slashed by 8.9% year-on-year to $104.4 million, according to Armenia\u2019s Central Bank data. When compared to March 2016 the amount of remittances was down by 3.2%.<\/p>\n<p>The amount of remittances sent from Armenia abroad in 2016 April totaled about $65 million, an increase of 11.4% from the year before. Thus, the net inflow of remittances in 2016 April amounted to approximately $38.6 million, which was 30.5% less from the same period last year.<\/p>\n<p>About 60% of the remittances came from the Russian Federation, down from 70%-80% in the previous years.<\/p>\n<p>Money transfers from Russia in April 2016 decreased by almost 15% year-on-year to approximately $62.2 million. They were down 4.8%, when compared to 2016 March. Remittances from Armenia to the Russian Federation increased by 31. 6% to $26.6 million. But compared to 2016 March the amount was down by 24.5%.<\/p>\n<p>Armenia\u2019s Central Bank said meanwhile that the drop in remittances from Russia this year will slow down to 6-8% as opposed to 2015.<\/p>\n<p>It also said that private transfers will be having contractile effects on domestic demand, which will be mitigated by expansionary monetary and fiscal policies and low deflationary environment.<\/p>\n<p>Remittances to Armenia in 2015 decreased by 30% to $1.2 billion. The dramatic drop was blamed on the huge depreciation of the Russian ruble and economic decline there. ($ 1 &#8211; 479.03 drams). M.V.-0-<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Private remittances sent to Armenia in 2016 April via banks slashed by 8.9% year-on-year to $104.4 million, according to Armenia\u2019s Central Bank data. When compared to March 2016 the amount of remittances was down by 3.2%<\/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":[15837,12301],"class_list":{"0":"post-98541","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy-en","8":"category-news","9":"tag-armenia-2","10":"tag-remittances"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/98541","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=98541"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/98541\/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=98541"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=98541"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=98541"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}