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Remittances At Amount Of $86.7mln Received In Armenia In Jan 2011

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  • Remittances At Amount Of $86.7mln Received In Armenia In Jan 2011

    REMITTANCES AT AMOUNT OF $86.7MLN RECEIVED IN ARMENIA IN JAN 2011

    PanARMENIAN.Net
    March 10, 2011 - 15:33 AMT 11:33 GMT

    Remittances at the amount of $86.7mln were received by physical
    persons in Armenia in January 2011.

    According to the CBA monthly bulletin, the figure decreased by 22.7%
    ($16mln) compared to the same period in 2010.

    Besides, 16.1% growth was recorded in the amount of remittances from
    Armenia, totaling $42.6mln in January 2011 against $36.7mln during the
    same period in 2010. The net cash inflow increased by 29.9% during the
    reporting period, amounting to $44mln against $34mln in January 2010.

    The largest amount of remittances was received from Russia ($49.5mln),
    followed by Kazakhstan ($9.46mln) and Germany ($2.77mln).




    From: A. Papazian
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