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Money transfers to Armenia down by 40.4% in 2024
Region
- 13 January, 2025
- 13:54
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Money transfers to Armenia decreased by 40.4% in 2024, Minister of Finance Vahe Hovhannisyan said at the meeting of the parliament's permanent commission on financial credit and budget issues, Report informs, citing local press.
The decrease in non-commercial transfers from Russia was the main reason for the decline. The volume of transfers from this country to Armenia amounted to 57%. Money transfers by individuals decreased by 33% during January-September.
Russia leads money transfers to Armenia with $3.17 billion, followed by the US with $623.7 million.
Author
Ötən il Ermənistana pul köçürmələri 40 % azalıb
Денежные переводы в Армению в 2024 году значительно сократились более чем на 40%
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