Private remittances to Armenia totaled $1 380,6mln in Jan-Nov 2011

Private remittances to Armenia totaled $1 380,6mln in Jan-Nov 2011

PanARMENIAN.Net - $1 380,6 mln was transferred to individuals through the Armenian banking system in January-November 2011. According to the RA Central Bank’s monthly bulletin, 23,1% increase was recorded as compared with the same period of last year, with private remittances totaling $142,5 mln. in November 2011.

Besides, the amount of remittances from Armenia totaled $238,4 mln in January-November 2011 that is 20,1% higher against$198,5 mln. of the same period of 2010. During the reported period, the net cash inflow increased by 21% amounting to $1 142,1 mln against $943,8 mln in January-November 2010.

Meanwhile, Russia keeps the biggest share of remittances to Armenia - $1028,7 mln, followed by the U.S. - $40,5 mln, Kazakhstan - $16,9 mln and Ukraine- $8,2.

 Top stories
Any decisions were postponed until the end of next month after French and Greek parliamentary elections on June 17.
Armenian Prime Minister met with the head of International Fund for Agricultural Development Programs in Armenia.
The market average rate of USD on May 23 totaled AMD 401,59 increasing by 0.52 point compared to May 22.
Aram Kayfajyan: AMD 400 to 1 US dollar rate would have upped back in April were it not for monetary interventions.