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Private Remittances To Armenia Totaled $616.9mln In January-June 201

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  • Private Remittances To Armenia Totaled $616.9mln In January-June 201

    PRIVATE REMITTANCES TO ARMENIA TOTALED $616.9MLN IN JANUARY-JUNE 2010

    PanARMENIAN.Net
    August 5, 2010 - 17:56 AMT 12:56 GMT

    $616.9mln was transferred to individuals through the Armenian banking
    system in January-June 2010. According to the RA Central Bank's
    monthly bulletin, 3% or $17.7mln growth was recorded as compared with
    the same period of last year.

    Meanwhile, Russia keeps the biggest share of remittances to Armenia -
    $402.7mln, followed by the U.S. - $61.8mln and Germany - $10.1mln. The
    amount of remittances from Turkey totaled $1.12mln.

    Besides, the amount of remittances from Armenia totaled $311.7mln
    in January-June 2010 that is 20.3% higher as compared with the same
    period of last year.

    During the reporting period, the net cash inflow decreased by 10.2%
    amounting to $305.2mln against $340mln in January-June 2009.




    From: A. Papazian
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