Around $1.9 billion remitted to Armenia by individuals through banks last year

Around $1.9 billion remitted to Armenia by individuals through banks last year

YEREVAN, February 14. / ARKA /. Around $1.9 billion were remitted to Armenia in 2013 by individuals through banks for non-commercial purposes, the Central Bank of Armenia said. 

Also $324.2 million were remitted from Armenia to other countries by individuals last year via banks, up from $292.2 million in 2012. The net cash inflow amounted to about $1.545.6 billion against $1.395 billion in the previous year.

The bulk of remittances- around 86 percent or $1.606.6 billion-- came as a rule from Russia, up from $1.444.9 billion in the previous year. Remittances from Armenia to Russia grew to $180.35 million from $164.6 million in 2012.

Some $182 million were remitted from the United States of America, $17 million  were remitted from Ukraine,  $23.7 million from Kazakhstan, $15.6  million from Germany,  $6.4 million from Spain, $14.7 from France, $7.7 million from the United Arab Emirates,  about $ 1.4 million  from China, $1.8  million from China and  $92.6 million from other countries. -0-

17:57 14.02.2014

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