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

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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Emil Lazarian

“I should like to see any power of the world destroy this race, this small tribe of unimportant people, whose wars have all been fought and lost, whose structures have crumbled, literature is unread, music is unheard, and prayers are no more answered. Go ahead, destroy Armenia . See if you can do it. Send them into the desert without bread or water. Burn their homes and churches. Then see if they will not laugh, sing and pray again. For when two of them meet anywhere in the world, see if they will not create a New Armenia.” - WS