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Private Non-Commercial Transfers From Russia To Armenia Total

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  • Private Non-Commercial Transfers From Russia To Armenia Total

    PRIVATE NON-COMMERCIAL TRANSFERS FROM RUSSIA TO ARMENIA TOTAL $87.8MLN IN JAN-FEB 2009

    ARKA
    Apr 6, 2009

    YEREVAN, April 6. /ARKA/. Central Bank of Armenia says individuals
    in Armenia received $87.8 million transferred from Russia in
    January-February 2009 for non-commercial purposes.

    Statistical reports say this result was 32% less than that in
    January-February of previous year ($129.2mln).

    According to the statistical report, $13.6 million was sent from
    Armenia to Russia in Jan-Feb 2009 against $15.3 million in analogue
    period of a year earlier (11.1% year-on-year reduction).

    As a result, net inflow from Russia amounted to $74.2 million against
    $113.9 million (34.8% year-on-year reduction).

    Private transfers from Russia made 77.4% of the total non-commercial
    inflow, and transfers from Armenia to Russia made 52.5% of all
    outflows.

    Russia's share in net inflow made 84.8%.

    In analogue period of 2008, the indicators were 79.6%, 44.4% and 89.2%
    respectively.

    According to the Central Bank of Armenia, private non-commercial
    transfers to Armenia totaled $113.5 million in January-February 2009 -
    30% less, compared with Jan-Feb 2008.

    The report says $25.9 million was transferred from Armenia abroad -
    24.9% reduction.

    As a result, net inflow amounted to $87.6 million after 31.4%
    reduction.
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