Net inflow of private money transfers to Armenia in first half of 2022 close to one billion USD

YEREVAN, August 2. /ARKA/. The net inflow of private money transfers to Armenia in the first half of 2022 amounted to over $978.9 million, with a 2.56-fold increase compared to the first half of 2021, according to the Central Bank of Armenia.

It said the net inflow of private money transfers in April-June surged by 4.2 times compared to the first quarter of this year - from almost $183.3 million to $791.7 million.

According to the Central Bank, money transfers from Russia prevail. In the first half of the year nearly $917.5 million were remitted to Armenia, almost a five-fold rise compared to the first quarter of 2021.

Net inflows of money transfers from the U.S. came close to $187.6 million, up from $167.8 million in January-June 2021. However, the share of money transfers from the USA fell to 19.2% in the total inflow from 43.8% a year earlier. --0--