Volume of <b> remittances </b> to Armenian residents dropped by 30.6 per cent in 2009 compared with the previous year amounting to USD 1,575.7 million. According to the Reference Book of the Central Bank of Armenia, a large share transfers are preformed from Russia - USD 950 million, 35 per cent less than in 2008.

USD 752.4 million transferred from Armenia abroad through banks, 33 per cent less than in 2008.