Total amount of transfers to individuals through Armenia’s banking system $183.8mln in Jan-Mar 2009

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Economy

09.05.2009, 18:50

The total amount of private non-commercial transfers to individuals through Armenia’s banking system amounted to $183.8mln in January-March 2009. The information is provided in monthly report of the Central Bank of Armenia (CBA) for March 2009.

YEREVAN, May 8. /ARKA/. The total amount of private non-commercial transfers to individuals through Armenia’s banking system amounted to $183.8mln in January-March 2009. The information is provided in monthly report of the Central Bank of Armenia (CBA) for March 2009.

According to the statistics, the indicator decreased by 30.8% or $81.9mln against analogue period of 2008. A total of $40.3mln was transferred from Armenia in Jan-Mar 2009 against $54.3mln in Jan-Mar 2008, an annual decrease of 25.8%.

As a result the net inflow amounted to $143.5mln in Jan-Mar 2009 against $211.4mln in Jan-Mar 2008, an annual decrease of 32.1%. Transfers from Russia and USA have the biggest share in total transfers – 82.9% in January-March 2009 against 85% in analogue period of 2008. G. S. –0--

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