$616.9mln was transferred to individuals through the Armenian banking system in January-June 2010. According to the RA Central Bank’s monthly bulletin, 3% or $17.7mln growth was recorded as compared with the same period of last year.

Meanwhile, Russia keeps the biggest share of remittances to Armenia - $402.7mln, followed by the U.S. - $61.8mln and Germany - $10.1mln. The amount of remittances from Turkey totaled $1.12mln.

Besides, the amount of remittances from Armenia totaled $311.7mln in January-June 2010 that is 20.3% higher as compared with the same period of last year.

During the reporting period, the net cash inflow decreased by 10.2% amounting to $305.2mln against $340mln in January-June 2009.