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Non-Commercial Transfers From Russia Total $129.2mln Through Armenia

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  • Non-Commercial Transfers From Russia Total $129.2mln Through Armenia

    NON-COMMERCIAL TRANSFERS FROM RUSSIA TOTAL $129.2MLN THROUGH ARMENIAN BANKING SYSTEM IN JAN-FEB

    ARKA
    April 21, 2008

    YEREVAN, April 21. /ARKA/. $129.2mln of non-commercial means were
    received for persons through Armenia's banking system from Russia in
    January-February, says the monthly information guidebook of the Central
    Bank of Armenia (CBA) for February 2008. According to the statistics,
    it is a 33.6% increase against the level recorded in January-February
    2007 ($32.5mln).

    Over the period, transfers from Armenia to Russia totaled $15.3mln
    against $22.7mln in January-February 2007 (59.5% reduction).

    As a result, net inflow of means from Russia was $113.9mln in
    January-February against $74mln in the same period of 2007 (54%
    increase).

    In fact, the share of Russia in the overall volume of non-commercial
    transfers for physical entities was 79.7% in case of transfers to
    Armenia and 44.4% of transfers from Armenia. Russia constituted 89.2%
    in the overall net inflow of means to Armenia in January-February. In
    the same period of 2007 the indicators were 77.1%, 57.9% and 85.9%
    respectively.

    According to the CBA, physical entities received $162.2mln
    non-commercial Drams through Armenian banking system in
    January-February, which is a 29.4% increase against the same period of
    2007. Transfers from Armenia to other countries totaled $34.5mln in the
    period, which is a 12.2% reduction as compared with January-February
    2007. Hence, net inflow totaled $127.7mln in January-February (48.4%
    increase).

    From: Emil Lazarian | Ararat NewsPress
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