Tuesday, February 25 2014 17:35
In 2013 net inflow of private transfers into Armenia grew by 10.8%
ArmInfo. In 2013 the net inflow of private transfers into Armenia grew by 10.8% to $1.9bln. 86% of the transfers came from Russia, 4.4% from the United States, 1.3% from Kazakhstan, 0.9% from Ukraine, 0.8% from Germany and as much from France.
According to the Central Bank of Armenia, the outflow of private transfers from Armenia grew by 10.9% to $324.2mln.
As a result, the net inflow of private transfers into Armenia made up $1.5bln (10.8% more than in 2012).
From transfers from Germany grew by 32.2% to $15.6mln, from the United States by 23% to $82mln, from France by 22.5% to $14.5mln, from Russia by 11% to $1.6bln, from Kazakhstan by 5.3% to $23.7mln. Transfers from Ukraine dropped by 10.5% to $17mln, from China by 2 times to $1.4mln.
Transfers from Armenia to Russia grew by 9.6% to $180.3mln (almost half of all outgoing transfers), while transfers from Armenia to Ukraine dropped by 4% to $14.8mln.
As much as 92.3% of the net inflow of private transfers or $1.4bln was from Russia (11.4% more than in 2012).
According to the CB's fiscal policy, in 2014 the inflow of private transfers into Armenia is supposed to grow by 8-10%.
Armenia is member to nine international money transfer systems: MoneyGram, Bystraya Pochta, BLIZKO, Avers, IntelExpress, InterExpress, Private Money, UNIStream and Anelik.
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