REMITTANCES FROM ARMENIA TO US AND RUSSIA SHARPLY INCREASE
April 13, 2013 | 03:11
YEREVAN. – In January-February 2013, individuals in Armenia have
remitted, by way of banks, $22.7 million to US and $40.1 million to
Russia, the Central Bank of Armenia informs. But these remittances
also include commercial purposes, and therefore they cannot be
considered transfers.
As compared to the year past, the remittances to the US increased
by about 19 percent and, as a result, there is a negative balance
between inflows and outflows with the US for the first time.
The remittances toward Russia rose by nearly 57.5 percent, but the
inflows likewise grew considerably ($175 million).
Overall, close to $263 million were transferred to, whereas $127
million were transferred from, Armenia in the first two months of
this year.
News from Armenia – NEWS.am
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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