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Private money transfers to Armenia in first quarter of 2019 grew by 9.26% to $391.4 million

20.05.2019 18:12

Private money transfers to Armenia in first quarter of 2019 grew by 9.26% to $391.4 million

YEREVAN, May 20. /ARKA/. 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.

According to the Central Bank, money transfers from Armenia to other countries in the first quarter of 2019 fell by 4.83% from the year before to $286.6 million. In March 2019, some $92 million were remitted from Armenia to other countries, by 7.8% less than in the same month of 2018.

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