Money remittances to Armenia drop by 30.6 per cent in 2009

February 10, 2010 - 16:29 AMT

PanARMENIAN.Net -
Volume of remittances 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.

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