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Remittances to Armenia reduce at end of 2011

Monday, 16 January 2012 15:37

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Source: News.am

Individuals sent US$ 141 million non-commercial remittances to Armenia in November 2011, Central Bank’s November report informs.

In the year past, this transfer of funds reached its peak in August, with $170 million. The money transfers subsequently reduced, but they still exceed the 2010 level.   

These remittances usually increase in December, and therefore we can surely say that the total amount of money transfers in 2011 will surpass $1.5 billion. This amount could also exceed the record-breaking $1.63 billion, which was registered in 2008.

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