#MONEY TRANSFERS
Private money transfers to Armenia in 10 months of 2023 amount to AMD 1.9 trillion
Private money transfers sent to Armenia through the banks in the first 10 months of 2023 amounted to AMD 1.9 trillion, up from AMD 1.7 trillion, sent in the same time span of 2022, the Central Bank said.IDpay application wins Grand Prize at Golden Site competition
The IDpay application, enabling instant money transfers from Russia to Armenia on favorable terms, has won the Grand Prize at the Golden Site competition in the category of Banking and Financial Services. ARKA news agency spoke to Felix Khachatryan, one of the founders of the project, about this and many other things.Money transfers to Armenia grow by 125% in 9 months to $3.5 billion
Individual money transfers to Armenia processed by local banks as of late September 2022 increased by approximately $1.9 bln or 125% from September 2021 to $3.5 bln, the Union of Banks of Armenia (UBA) said in a report.Individual money transfers sent to Armenia via banks in nine months of 2022 amounted to about $1.7 billion- central bank
Individual money transfers sent to Armenia via banks in the first nine months of 2022 amounted to about $1.7 billion, Director of the Central Bank's Macroeconomic Department Armen Nurbekyan told a press conference today.Net inflow of private money transfers to Armenia in first half of 2022 close to one billion USD
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.Private money transfers to Armenia in Q 1, 2022 surge by 38.2% to $561 million
The amount of private money transfers sent to Armenia from abroad increased by about $155 million or 38.2% in the first quarter of 2022 compared to the same time span of 2021 to $561 million, according to the Union of Banks of Armenia (UBA).Deputy Chairman of Central Banks comments on how situation in Russian economy may affect Armenian exports and money transfers
Assessing the impact of Western sanctions imposed on Russia on Armenian exports and the remittances sent by Armenian labor migrants in Russia to their homeland, the Deputy Chairman of the Central Bank Hovhannes Khachatryan said the dependence of the Armenian economy on money transfers from Russia has noticeably decreased over the past decade and therefore, one should not expect that the devaluated ruble will have a commensurate impact on Armenian economy.Money transfers to Armenia in 2021 upped 14.6% to $2.109 billion
Individual money transfers sent to Armenia largely by migrant workers in 2021 through the banks grew by approximately $268 million or 14.6% when compared to the previous year, to $2.109 billion, according to the Union of Banks of Armenia (UBA).News 1 - 20 of 45
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