Armenia’s remittances exceed $400 million

June 08, 2013 | 02:28

YEREVAN. – Between January and April 2013, individuals’ remittances
from abroad to Armenia comprised $437 million, the Armenian Central
Bank bulletin informs.

In April alone, the transfer of funds to Armenia made up about $131
million, against $119 million in March and $103.4 million in February.

As a result, the country’s remittances increased by $49 million, or by
12.6 percent, as compared to January-April 2012.

In the first four months of this year, Armenia received $356 million
from Russia and transferred $56 million, and it received $24 million
from the US and remitted $10 million. Also, approximately $7 million
were remitted to Armenia from Kazakhstan.

News from Armenia – NEWS.am

From: Emil Lazarian | Ararat NewsPress