Individuals in Armenia receive some $1.5 billion in Jan-Nov 2011

The bank system of Armenia received $1.380 billion of transfers for individuals in January-November 2011. The sum exceeds figures of the same period in 2010 by 23.1%. Private transfers in November 2011 totaled $142.5 million, cropping by 2.2%, compared with the previous month, PanARMENIAN reports.

Armenia increased transfers abroad by 20.1%, totaling $238.4 million, compared with $198.5 million in January-November 2010. Private flow of transfers in January-November increased by 21%, reaching $1.142 billion, compared with $943.8 million in the same period of 2010.

The highest level of transfers came from Russia, totaling $1.028 billion, followed by the US - $40.5 million, Kazakhstan - $16.9 million, Ukraine - $8.2 million.