YEREVAN, July 31 /ARKA/. The amount of private remittances sent to Armenia via banks in May 2019 totaled $168.9 million, an increase of $29.2 million, or 20.9% as opposed to the same month in 2018, the Central Bank of Armenia said today. It said in May alone the amount of remittances increased by 16.9% from the previous month.

At the same time, the amount of remittances sent from Armenia to other countries increased by $20.7 million, or 22.4% to $113 million. Compared to April 2019, the amount was up 2.4%. Thus, the net inflow of remittances in May 2019 amounted to $55.7 million, an increase of $8.4 million, or 17.9% when compared to May 2018.

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Private remittances sent to Armenia via banks for non-commercial purposes in September 2018 dropped by 5.4% from the same month a year ago to a little more than $151.6 million

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Private remittances sent to Armenia via banks in 2016 September increased by 0.37% when compared to the previous month to $146.8 million, according to the Central Bank of Armenia

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Private remittances sent to Armenia in August 2016 through banks grew by 0.48% from the previous month to $146.3 million, the Central Bank said today

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Private remittances sent to Armenia through the banks increased by 23% in 2016 June when compared to the previous month to $135.27 million, according to the Central Bank. However, when compared to 2015 June the amount was down 17.1%

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Remittances to Armenia in 2015 made 19.2% of its GDP, according to the World Bank’s latest edition of the Migration and Development Brief, , released on April 13

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Private remittances sent to Armenia through the banks for non-commercial purposes in January 2016 slashed by 13.7% from January 2015 to about $46.8 million

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Private remittances sent to Armenia in 2015 via banks slashed by 30.1% or $520 million from the previous year to about $1.208.470 billion, the Central Bank of Armenia said in a statement, posted on its official website today

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Private remittances to Armenia for non-commercial purposes in November 2015 were 22% down from the year before falling to about $90.8 million, the Central Bank said. Compared with 2015 October the amount was down by 17%

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Private remittances to Armenia sent via banks for non-commercial purposes in 2015 August were 38.3% down from the year before totaling $114.7 million, the Central Bank of Armenia said in a statement posted on its official website

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