Private remittance sent to Armenia grows by 45 percent in 2017 January

09.03.2017 18:58
Private remittance sent to Armenia grows by 45 percent in 2017 January

YEREVAN, March 9. /ARKA/. Private remittances sent to Armenia through banks in 2017 January surged by 34.9% from the year earlier to more than $84.3 million, according to the latest numbers, released by the Central Bank.

The amount of remittances sent from Armenia to other countries grew to $42.6 million from $42.5 million in January 2016 (an increase of 0.3%). The net inflow of remittances in 2017 January amounted to about $41.6 million against $19.9 million in January 2016 (an increase of 2 times).

The amount of remittances from Russia in January 2017 increased by 34.5% from 2016 January. The amount of remittances from Armenia fell by 7% to $16.6 million.

According to the Central Bank, a total of $1.532.8 billion arrived in Armenia last year as private remittances, by 6% less than in 2015 and $816.9 million were remitted form Armenia to other countries (an increase of 7.3%). As a result, the net inflow of remittances in the past year stood at about $715.9 million (a decrease of 17%).

The Central Bank predicts an increase of 4-6% in the net inflow of remittances to Armenia in 2017. -0-


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