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Private noncommercial remittances to Armenia shrink 10.4% in Jan-Oct 2016 to $1 197.7 million

09.12.2016 14:25

Private noncommercial remittances to Armenia shrink 10.4% in Jan-Oct 2016 to $1 197.7 million

YEREVAN, December 9. /ARKA/. Over $1 197.7 million came to Armenia through banks in January-October 2016 as private noncommercial money transfers – 10.4% less than at the same period a year earlier, the Central Bank of Armenia says in a fresh issue of its monthly bulletin.

Remittances from Armenia abroad totaled $641.1 million in Jan-Oct 2016 against $598.1 million in Jan-Oct 2015 (7.2% growth).

Net inflow amounted to $556.5 million against $738 million respectively.

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