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ARMENIA CONCERNED ABOUT MONEY TRANSFERS IN THE COUNTRY
The Messenger, Georgia
June 26 2014
By Messenger Staff
Thursday, June 26
Armenian analysts express their concern that money transfer into
the country from abroad will decrease. The biggest portion of money
transfers in Armenia comes from Russia, around 60%. However, last
year overall volume of money transfers from Russia decreased. These
transfers mostly are related to the Armenian individuals who went to
Russia to find the job and send money back to their families living
in Armenia. Armenia very much depends on the economic situation in
Russia. Recently west has imposed economic sanctions on Russia. The
fact will affect Armenia as well. Around 50 billion USD was transferred
from Russia to abroad in the first quarter of 2014. Thus, Armenians
who became the part of Russian economy incure loses as well.
From: A. Papazian
The Messenger, Georgia
June 26 2014
By Messenger Staff
Thursday, June 26
Armenian analysts express their concern that money transfer into
the country from abroad will decrease. The biggest portion of money
transfers in Armenia comes from Russia, around 60%. However, last
year overall volume of money transfers from Russia decreased. These
transfers mostly are related to the Armenian individuals who went to
Russia to find the job and send money back to their families living
in Armenia. Armenia very much depends on the economic situation in
Russia. Recently west has imposed economic sanctions on Russia. The
fact will affect Armenia as well. Around 50 billion USD was transferred
from Russia to abroad in the first quarter of 2014. Thus, Armenians
who became the part of Russian economy incure loses as well.
From: A. Papazian