$190.7m transfers arrive in Armenia in first half of 2005

[Tumanian Talar]

ArmInfo News Agency, Armenia
Sept 28 2005

$190.7 MLN PRIVATE TRANSFERS ARRIVED IN ARMENIA IN FIRST HALF YEAR
2005

YEREVAN, SEPTEMBER 28. ARMINFO. 88.3 bln AMD ($190.7 mln) private
transfers or 87% of total transfers (101,0 bln AMD or $218.2 mln)
arrived in Armenia in the first half year of 2005.

The quarter bulletin of Armenia's CB informs that within the
reporting period the private transfers from Armenia totaled 12.7 bln
AMD ($27.5 mln) or 13% of total transfers. To note, transfers to
Armenia 7 times exceeded the transfers made from the country.

The transfers have been made by Armenia's commercial banks through
Western Union and Money Gram systems, "Anelik" system of "Anelik
Bank", "UNIstream" of the Moscow UNIstreamBank (corresponding bank of
the Armenian UNIBANK), as well as Express and Contact systems, etc.

Most of transfers to Armenia arrived through UNIstream - 27.9% (35.5%
of total transfers), 20.5% and 25% arrived through Western Union and
Anelik systems respectively (16.9% and 18.2% of total transfers
respectively).