PRIVATE REMITTANCES TO ARMENIA TOTALED $616.9MLN IN JANUARY-JUNE 2010

PanARMENIAN.Net
August 5, 2010 – 17:56 AMT 12:56 GMT

$616.9mln was transferred to individuals through the Armenian banking
system in January-June 2010. According to the RA Central Bank’s
monthly bulletin, 3% or $17.7mln growth was recorded as compared with
the same period of last year.

Meanwhile, Russia keeps the biggest share of remittances to Armenia –
$402.7mln, followed by the U.S. – $61.8mln and Germany – $10.1mln. The
amount of remittances from Turkey totaled $1.12mln.

Besides, the amount of remittances from Armenia totaled $311.7mln
in January-June 2010 that is 20.3% higher as compared with the same
period of last year.

During the reporting period, the net cash inflow decreased by 10.2%
amounting to $305.2mln against $340mln in January-June 2009.

From: A. Papazian