Private remittances to Armenia in October fell by 7.1 percent
05.12.2016,
15:45
Private remittances sent to Armenia via banks in 2016 October dropped by 7.1% when compared to the previous month to $136.4 million, the Central Bank of Armenia reported.
YEREVAN, December 5. /ARKA/. Private remittances sent to Armenia via banks in 2016 October dropped by 7.1% when compared to the previous month to $136.4 million, the Central Bank of Armenia reported. According to it, compared to the same month of 2015 the remittances fell by 5.7%.
Remittances from Armenia in October 2016 abroad totaled about $76 million, an increase of 21.3% from October 2015. Compared to 2016 September they were down by 5.2%. Thus, the net inflow of remittances in 2016 October stood at approximately $60.4 million, which was 26.3% less than in the same period last year. Compared to 2016 September they were down by 9.3%.
Approximately 64.6% of the total amount of private money transfers came from the Russian Federation, down from 70-80% in the previous year.
Remittances from Russia to Armenia decreased by 4.7% from the year ago to approximately $88.2 million. The decline over the previous month was 0.9%, while the outflow from Armenia to the Russian Federation increased by 47. 6% to $39.1 million. The increase over the previous month was 39.9%.
In 2015 remittances to Armenia slashed by 30% to $1.208.470, caused by the huge depreciation of the Russian ruble. ($ 1 - 480.74 drams). -0-
Remittances from Armenia in October 2016 abroad totaled about $76 million, an increase of 21.3% from October 2015. Compared to 2016 September they were down by 5.2%. Thus, the net inflow of remittances in 2016 October stood at approximately $60.4 million, which was 26.3% less than in the same period last year. Compared to 2016 September they were down by 9.3%.
Approximately 64.6% of the total amount of private money transfers came from the Russian Federation, down from 70-80% in the previous year.
Remittances from Russia to Armenia decreased by 4.7% from the year ago to approximately $88.2 million. The decline over the previous month was 0.9%, while the outflow from Armenia to the Russian Federation increased by 47. 6% to $39.1 million. The increase over the previous month was 39.9%.
In 2015 remittances to Armenia slashed by 30% to $1.208.470, caused by the huge depreciation of the Russian ruble. ($ 1 - 480.74 drams). -0-
