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Individual transfers to Armenia shrink 32.2% to $1 billion in Jan-Oct 2015

07.12.2015 19:39

Individual transfers to Armenia shrink 32.2% to $1 billion in Jan-Oct 2015

YEREVAN, December 7. /ARKA/. Over $1 billion was received in Armenia in Jan-Oct 2015 through banks as individual noncommercial transfers, the Central Bank of Armenia reports in a fresh issue of its monthly bulletin.

This amount is 32.3% less than that received in Jan-Oct 2014.
Remittances sent from Armenia abroad over the first ten months of this year totaled about $262.7 million against $280.9 million in Jan-Oct 2014 – 6.5% decline.

Net inflow amounted to about $743.5 million against $1 203.7 million one year earlier.

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