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Money Transfers Between Russia And Armenia Grow

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  • Money Transfers Between Russia And Armenia Grow

    MONEY TRANSFERS BETWEEN RUSSIA AND ARMENIA GROW

    VestnikKavkaza.net
    May 10 2011

    Money transfers to individual accounts from Russia to Armenia reached
    $206.7 million in January-March 2011, compared with $162.8 million
    in 2010, a growth of 26.6%, the Central Bank of Armenia said in a
    report for March 2011, News Armenia reports.

    The Central Bank said that about $34.1 million were transferred from
    Armenia to Russia, a rise of 13.2% compared with the first quarter
    of 2010.

    63% of all Russian transfers were carried out for individuals and
    about 21.1% of all transfers from Armenia.$83.4 million came using
    the Armenian banking system. $14.1 million was transferred to Russia.




    From: A. Papazian
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