Some $125.6 million remitted to Armenia via banks in March
YEREVAN, May 8. / ARKA /. Some $125.6 million were remitted to Armenia
via banks in March this year for individuals, an increase of 5.7%
compared with March 2013, according to the Central Bank.
The amount of remittances was almost 20 percent higher from the previous month.
Remittances from Armenia to other countries amounted to about $31.2
million, up from $25.6 million in March 2013. The net cash inflow in
2014 March was about $94.45 million, slightly up from $93.16 million
in 2013 March.
The bulk of remittances to Armenia – about 79 % of the total amount or
$99.4 million (32% rise)` came from Russia. Remittances from Armenia
to Russia amounted to $16.9 million (up 19.3%).
According to the Central Bank , $1.869.7 billion or approximately
17.3 % of the country’s GDP, were remitted to Armenia in 2013. ($ 1 –
414.84 drams). -0-
– See more at:
Disclaimer: This article was contributed and translated into English by Kajoyan Gevork. 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.
Direct link to this article: https://www.armenianclub.com/2014/05/09/some-125-6-million-remitted-to-armenia-via-banks-in-march/