Sunday, 23 September

Money Transfers to Armenia Drop 8.8%



Individual money transfers to Armenia from overseas amounted to US$622.4 million in the first half of 2016.

This is an 8.8% drop from the $682.7 million transferred to Armenia in the first half of 2015.

Most of the individual money transfers are from Russia: $691.4 million in the first half of 2014, $415.4 million in the first half of 2015), $353.8 million in the first half of 2016.

Individuals money transfers from the U.S. (first half of the year) were: $67.7 million in 2014, $84.1 million in 2015, $81.8 in 2016.

Transfers from the rest of the world (first half of the year) were: $194.3 million (2014), $183.2 million (2015), $186.9 (2016).

Data: Central Bank, Armenia


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