Monday, February 25 2013 21:06
Armenia's Central Bank downgrades its outlook on growth in private money transfer inflow from 8-10% to 7-9%
ArmInfo. Armenia's Central Bank has downgraded its outlook on growth in private money transfer inflow from 8-10% to 7- 9% in response to the OECD's downgrading its outlook on economic growth in Russia from 4.1% to 3.8%.
In 2012 the inflow of private money transfers into Armenia made up $1.687bln (9% more than in 2011), the outflow $292.2mln (10.4% growth). 85.6% or the incoming transfers were from Russia, 4% from the United States, 1.3% from Kazakhstan. 56.3% of the outgoing transfers were to Russia, 8.9% to the United States, 5.3% to Ukraine.
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