YEREVAN, May 26. /ARKA/. The net amount of individual money transfers sent to Armenia in the first quarter of 2020 decreased by 16.7% to $87 million, the Executive Director of the Union of Banks of Armenia Seyran Sargsyan told reporters during an online press conference on Tuesday.

According to him,

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The volume of money transfers from the CIS countries to Russia in March grew by 47%, compared with January, TASS reported Friday referring to Izvestia, which presents figures of the Unistream money transfer system

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Private money transfers sent to Armenia through the banks in April 2019 amounted to $144.3 million, an increase of $18.9 million, or 15% when compared with April 2018, according to the figures, released by the Central Bank of Armenia

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The Central Bank of Armenia has denied rumors about restrictions on fast individual money transfers to Armenia from Russia and Kazakhstan. It said Wednesday that it contacted partner organizations and was assured that there were no any restriction for transfers to Armenia, and the existing restrictions set by regulating organizations don’t apply to countries, especially to Armenia

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Private money transfers sent to Armenia via banks in the first quarter of 2019 grew by 9.26% from the first quarter of 2018 to $391.4 million, the Central Bank said. It said in March alone, the amount of money transfers dropped by 3.6% from the same month in 2018 to $132.1 million

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VTB Bank (Armenia) said today it has revised the rates for international money transfers made by individuals via the S.W.I.F.T

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Private money transfers to Armenia sent through banks in January 2019 amounted to $119 million

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Individual money transfers sent to Armenia via banks in 2018 grew by 1.66% or $29 million

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Money transfers from Armenia to abroad in the first 10 months of 2018 amounted to $951 million, having surged by 22% from the same period last year, according to numbers, placed on the official website of the Central Bank of Armenia

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Private money transfers sent to Armenia for non-commercial purposes in October 2018 grew by 8.6% from the year before to more than $177.1 million, the Central Bank said

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