Private transfers to Armenia rose 7.8% to $195 mln in October

Private transfers to Armenia rose 7.8% to $195 mln in October

YEREVAN, December 10. /ARKA/. Private transfers to individuals in Armenia for non-commercial purposes rose by 7.8% to over $195 million in October 2013 compared to the same month a year earlier, the Central Bank of Armenia reported.

Transfers from Armenia abroad totaled $29.8 million in October 2013 versus $29 in October 2012. Net inflows stood at $165.2 mln versus nearly $151.8 million in October the year before.

The highest percentage of transfers was registered to come from Russia (about 87%).

Transfers from Russia amounted to about $169.8 million in October this year as compared to $158.8 million in 2012; transfers from Armenia to Russian Federation were $16.1 million in the period (against $17.1mln in 2012).

Money transfers to Armenia totaled about $1,513.3 million in January-October 2013 (10.4% increase), those from Armenia abroad were about $261.2 million (12.2% increase).

According to the Central Bank of Armenia, transfers in 2012 have exceeded the 2008 pre-crisis level by 3.1% and amounted to $ 1,687.2 million or about 17% of the country’s GDP by the end of the year. ($1 – 406.80 drams). –0-

13:18 10.12.2013

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