Private remittances through Armenian banks 33.2% down to $446.7m in h1
05.08.2009,
02:02
Private remittances to individuals through Armenian banking system amounted to $446.7 million in the first half of this year, says the monthly information bulletin of the Central Bank of Armenia (CBA) for June.
YEREVAN, August 4. /ARKA/. Private remittances to individuals through Armenian banking system amounted to $446.7 million in the first half of this year, says the monthly information bulletin of the Central Bank of Armenia (CBA) for June.
It is a reduction of 33.2% (decline rate slowed down) or $221.9 million in the first half of the year. Non-commercial remittances to individuals amounted to $102.4 million in June only.
Remittances from Armenia totaled $81.1 million in the reporting period against $112.7 million in the same period of 2008 (28.1% reduction, decline rate slowed down); in June only the remittances from Armenia were $15.2 million.
Net proceeds amounted to $365.7 million in the first half of the year against $555.9 million in the same period of last year (34.2% reduction); net proceeds were $87.2 million in June.
Like in the previous year, the greatest net inflow was from Russia in the first half of this year ($307.2m) that is 84% of all remittances to the country over the period as compared with 87.8% in the first half of 2008. –0--
It is a reduction of 33.2% (decline rate slowed down) or $221.9 million in the first half of the year. Non-commercial remittances to individuals amounted to $102.4 million in June only.
Remittances from Armenia totaled $81.1 million in the reporting period against $112.7 million in the same period of 2008 (28.1% reduction, decline rate slowed down); in June only the remittances from Armenia were $15.2 million.
Net proceeds amounted to $365.7 million in the first half of the year against $555.9 million in the same period of last year (34.2% reduction); net proceeds were $87.2 million in June.
Like in the previous year, the greatest net inflow was from Russia in the first half of this year ($307.2m) that is 84% of all remittances to the country over the period as compared with 87.8% in the first half of 2008. –0--
