Some $1.5 billion transferred from Russia to Armenia in Jan-Nov 2013

$1.445 billion was transferred by individuals for non-commercial purposes from Russia to Armenia in January-November 2013, exceeding the sum in the same period of 2012 by 10.1%, News Armenia reports.Russian-Armenian cash transfers totaled 85.9% of all Armenia’s transfers. The flow of private transfers from Russia to Armenia totaled 14.1% of the GDP in 2012.A total of $1.682 billion were transferred to Armenia in January-November 2013 (+9.8%). About $289.7 million were transferred from Armenia (+10.2%).

$1.445 billion was transferred by individuals for non-commercial purposes from Russia to Armenia in January-November 2013, exceeding the sum in the same period of 2012 by 10.1%, News Armenia reports.

Russian-Armenian cash transfers totaled 85.9% of all Armenia’s transfers. The flow of private transfers from Russia to Armenia totaled 14.1% of the GDP in 2012.

A total of $1.682 billion were transferred to Armenia in January-November 2013 (+9.8%). About $289.7 million were transferred from Armenia (+10.2%).