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Private Remittances To Armenia Totaled $1 380,6mln In Jan-Nov 2011

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  • Private Remittances To Armenia Totaled $1 380,6mln In Jan-Nov 2011

    PRIVATE REMITTANCES TO ARMENIA TOTALED $1 380,6MLN IN JAN-NOV 2011

    PanARMENIAN.Net
    January 16, 2012 - 12:15 AMT

    PanARMENIAN.Net - $1 380,6 mln was transferred to individuals through
    the Armenian banking system in January-November 2011. According to
    the RA Central Bank's monthly bulletin, 23,1% increase was recorded as
    compared with the same period of last year, with private remittances
    totaling $142,5 mln. in November 2011.

    Besides, the amount of remittances from Armenia totaled $238,4 mln
    in January-November 2011 that is 20,1% higher against$198,5 mln. of
    the same period of 2010. During the reported period, the net cash
    inflow increased by 21% amounting to $1 142,1 mln against $943,8 mln
    in January-November 2010.

    Meanwhile, Russia keeps the biggest share of remittances to Armenia
    - $1028,7 mln, followed by the U.S. - $40,5 mln, Kazakhstan - $16,9
    mln and Ukraine- $8,2.




    From: A. Papazian
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