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Business & Economy: Volume Of Transfers To Armenia Going Up

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  • Business & Economy: Volume Of Transfers To Armenia Going Up

    VOLUME OF TRANSFERS TO ARMENIA GOING UP

    news.am
    Sept 7 2011
    Armenia

    YEREVAN.- In Jan.-July 2011 noncommercial bank transfers to Armenia
    amounted to $772 million, reads publication issued by the Central
    Bank of Armenia.

    As compared to the same period last year, the volume of transfers
    increased approximately by 25%. The major increases in transfers
    accounted for Russia. Thus, volume of transfers from Russia over
    seven months of 2010 is estimated at $494 million against $632 million
    in 2011.

    A small increase in transfers from other countries was registered as
    well. The volume of transfers from Turkey went up three times totaling
    $1.4 million.

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