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