Money transfers to Armenia via banks rise by 20 billion drams in third quarter of 2010

29.11.2010 15:25
Money transfers to Armenia via banks rise by 20 billion drams in third quarter of 2010

YEREVAN, November 29, / ARKA/. The volume of money transfers to Armenia via banks participating in international money transfer systems rose by 20 billion Drams in the third quarter of 2010 if compared to the same time span of 2009, to 132 billion Drams, exceeding the volume of transfers from Armenia to other countries by a factor of 10, the Central Bank of Armenia said. The average amount of a money transfer was 242,00 Drams, by 11,000 Drams less than in quarter three of 2009.

Individual money transfers through correspondents accounts of banks dropped by 51% or 47 billion Drams to 45 billion Drams, if compared to quarter three of 2009, the Central Bank said. An average individual money transfer through correspondent accounts was 2.1 million Drams, decreasing 29% The total amount of money transfers to Armenia through correspondent accounts (via

SWIFT, Telex and fax) amounted to 788 billion Drams. An average transfer was 20 million Drams, rising by 22% year-on-year. ($1 – 360.17 Drams). -0-


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