Net inflow of remittances to Armenia in Q3 via banks rises by 37% to 102 billion drams

19.11.2009 19:42
Net inflow of remittances to Armenia in Q3 via banks rises by 37% to 102 billion drams

YEREVAN, November 19, /ARKA/. The net inflow of remittances to Armenia in Q3, 2009 via banks rose by 37% of 28 billion Drams against Q2 to 102 billion Drams, the Central Bank of Armenia’s quarterly bulletin said.

It said the amount of remittances to Armenia in Q3 made through international swift money transfer systems without account opening rose to 112.8 billion Drams, exceeding the amount of money transfers from Armenia to other countries ten times. It said also 445,166 money transfers were made to Armenia in Q3.

The average money transfer to Armenia in Q3 totaled 253,000 Drams, rising by 35,000 Drams from Q2.

According to the quarterly bulletin, 91 millions Drams of remittances were paid to individuals from banks’ correspondent accounts, rising by 126% or 51 billion Drams against Q2, 2009 and by 78% or 40 billion Drams from a year before.

The amount of an average payment was 3.6 million Drams rising by 2 million Drams. Individual money transfers to other countries from Armenia from correspondent accounts fell by 0.7% or 600 million Drams in Q3 from a year before.

The aggregate amount of money transfers to Armenia via correspondent accounts (by means of SWIFT, telex and fax) in Q3 totaled 765 billion Drams. The average amount of one transfer rose by 43% from a year before to 17 million Drams.
As of late September Armenian commercials banks were members of 18 international money transfer systems- Unistream, Anelik, Contact, Migom, Money Gram and others. ($1 – 387.41 Drams).  -0-


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