NON-COMMERCIAL TRANSFERS FROM RUSSIA TOTAL $129.2MLN THROUGH ARMENIAN BANKING SYSTEM IN JAN-FEB
ARKA
April 21, 2008
YEREVAN, April 21. /ARKA/. $129.2mln of non-commercial means were
received for persons through Armenia’s banking system from Russia in
January-February, says the monthly information guidebook of the Central
Bank of Armenia (CBA) for February 2008. According to the statistics,
it is a 33.6% increase against the level recorded in January-February
2007 ($32.5mln).
Over the period, transfers from Armenia to Russia totaled $15.3mln
against $22.7mln in January-February 2007 (59.5% reduction).
As a result, net inflow of means from Russia was $113.9mln in
January-February against $74mln in the same period of 2007 (54%
increase).
In fact, the share of Russia in the overall volume of non-commercial
transfers for physical entities was 79.7% in case of transfers to
Armenia and 44.4% of transfers from Armenia. Russia constituted 89.2%
in the overall net inflow of means to Armenia in January-February. In
the same period of 2007 the indicators were 77.1%, 57.9% and 85.9%
respectively.
According to the CBA, physical entities received $162.2mln
non-commercial Drams through Armenian banking system in
January-February, which is a 29.4% increase against the same period of
2007. Transfers from Armenia to other countries totaled $34.5mln in the
period, which is a 12.2% reduction as compared with January-February
2007. Hence, net inflow totaled $127.7mln in January-February (48.4%
increase).
From: Emil Lazarian | Ararat NewsPress
Disclaimer: This article was contributed and translated into English by Emil Lazarian. While we strive for quality, the views and accuracy of the content remain the responsibility of the contributor. Please verify all facts independently before reposting or citing.
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