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Transfers Flow To Armenia Predicted To Grow 17.3% To $560.5 Mln In 2

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  • Transfers Flow To Armenia Predicted To Grow 17.3% To $560.5 Mln In 2

    TRANSFERS FLOW TO ARMENIA PREDICTED TO GROW 17.3% TO $560.5MLN IN 2007

    Arka News Agency, Armenia
    Jan 16 2007

    YEREVAN, January 16. /ARKA/. Transfers flow to Armenia is expected to
    total $560.5mln in 2007 after growing by $82.6mln or 17.3%, compared
    with 2006, experts at the Central Bank of Armenia predict.

    They also think private transfers will grow 19.5% while official
    transfers are predicted to grow 2%.

    Private transfers will reach $498.1mln and official transfers to
    $62.4mln in 2007.

    In 2006, current transfers grew 16.8% to $477.8mln. They grew mainly
    thanks to private transfers, which contributed 21.9% to the growth.

    Private transfers reached $416.7mln in 2006 while official transfers
    grew 9.2% reaching $61.1mln.
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