Inflow of money transfers into Armenia accounts for 16.7% year-on-year growth and outflow for 27%

21.12.2017 16:55
Inflow of money transfers into Armenia accounts for 16.7% year-on-year growth and outflow for 27%

YEREVAN, December 21. /ARKA/. Around $1 397.7 million has come to Armenia over the first ten months of this year through banks as noncommercial individual transfers - 16.7% less than in the same period a year earlier, the Central Bank of Armenia says on its website.

Money transfers from Armenia abroad totaled $814.5 million in Jan-Oct 2017 against $641.1 million in the same period a year before 26.9% year-on-year growth.

As a result, net inflow of remittances amounted to $583.5 million in Jan-Oct 2017 accounting for a 4.8% year-on-year growth.

Remittances from Russia grew 17.2% to $853 million, and outflow from Armenia to Russia grew 10.4% to $309.7 million.

According to the Central Bank of Armenia, $1 532.8 million has been transferred to Armenia in 2016 – a 6 percent decline and $816.9 million has been transferred from Armenia outside – a 7.3% growth.

As a result, net inflow amounted to about $715.9 million (17% decline). ($1 – AMD 481.54). --0---


Tags: , Новости Армении АМИ Новости-Армения

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