MONEY TRANSFERS BETWEEN RUSSIA AND ARMENIA GROW
VestnikKavkaza.net
May 10 2011
Money transfers to individual accounts from Russia to Armenia reached
$206.7 million in January-March 2011, compared with $162.8 million
in 2010, a growth of 26.6%, the Central Bank of Armenia said in a
report for March 2011, News Armenia reports.
The Central Bank said that about $34.1 million were transferred from
Armenia to Russia, a rise of 13.2% compared with the first quarter
of 2010.
63% of all Russian transfers were carried out for individuals and
about 21.1% of all transfers from Armenia.$83.4 million came using
the Armenian banking system. $14.1 million was transferred to Russia.
From: A. Papazian
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