YEREVAN, July 9. / ARKA /. Private money transfers to Armenia in the first five months of 2015 through banks for non-commercial purposes slashed by 32.8% from the same time span of 2014 to about $ 408.6 million, the Central Bank said in its monthly information bulletin for May.

Money transfers from Armenia to other countries declined by 8.8% to about $125.3 million, down from $137.5 million in the first five months of 2014. The net inflow of money transfers in the reporting period of time was $283.2 million, down from $471.1 million in January-May 2014.

As usual, Russia accounted for the bulk of money transfers - about 72.5% of the total amount or $296.2 million. The figure represented a 40% decline year-on-year, while money transfers from Armenia to Russia grew by 2.8% to $80.6 million.

Categories: Economy @en, General news, News, News of the hour | Comments Off on Private money transfers to Armenia in five months slashed by 32.8% to $408.6 million

Tags: Armenia, money transfer, slashe

Read more