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Total Amount Of Transfers To Individuals Through Armenia's Banking S

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  • Total Amount Of Transfers To Individuals Through Armenia's Banking S

    TOTAL AMOUNT OF TRANSFERS TO INDIVIDUALS THROUGH ARMENIA'S BANKING SYSTEM $183.8MLN IN JAN-MAR 2009

    ARKA
    May 8, 2009

    YEREVAN, May 8. /ARKA/. The total amount of private non-commercial
    transfers to individuals through Armenia's banking system amounted
    to $183.8mln in January-March 2009. The information is provided in
    monthly report of the Central Bank of Armenia (CBA) for March 2009.

    According to the statistics, the indicator decreased by 30.8% or
    $81.9mln against analogue period of 2008. A total of $40.3mln was
    transferred from Armenia in Jan-Mar 2009 against $54.3mln in Jan-Mar
    2008, an annual decrease of 25.8%.

    As a result the net inflow amounted to $143.5mln in Jan-Mar
    2009 against $211.4mln in Jan-Mar 2008, an annual decrease of
    32.1%. Transfers from Russia and USA have the biggest share in total
    transfers - 82.9% in January-March 2009 against 85% in analogue period
    of 2008.
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