ArmInfo.The Central Bank of Armenia in the updated forecast has preferred not to change expectations on growth of private transfers for 2018 - 7-9%. As noted in the Central Bank's Monetary Policy Program (MPP) for Q2 2018, published in early June, this forecast is in line with the revised expectations for the devaluation of the ruble and Russia's economic growth (1.8% - Ed.).
In the forecast for growth of private transfers kept at this level, the Central Bank also included the results of the first quarter of 2018, for which growth was recorded that exceeded expectations. Thus, according to the data of the Central Bank, in the first quarter of 2018, in comparison with the same period of the previous year, the inflow of transfers of individuals increased by 14.5%, while the volume of money transfers from Russia increased by 22.1%, against the annual growth of 14.5% and 20.7% respectively in the first quarter of 2017. In the structure of the inflow, Russia's share in the I quarter of 2018 increased to 56% from 53% in the first quarter of 2017.
According to Central Bank statistics, in 2017, the inflow of transfers of natural persons to Armenia increased by 14.6% (against the forecasted 14-16%), to $ 1.757 bn. At the same time, the outflow of transfers grew by 25.6% to $ 1.026 bln in 2017. As a result, net The inflow of transfers in 2017 increased by 2.1% to $ 731 million. In the inflow, Russia's share is 60.6% or $ 1.065 billion, and in the outflow - 34.5% or $ 354 million. The inflow of transfers from Russia increased by 18, 7% with an outflow of 6.1%, which increased the net inflow from Russia by 26.2%.
