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Private Money Transfers To Armenia Total $663.6mln At First Half Of

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  • Private Money Transfers To Armenia Total $663.6mln At First Half Of

    PRIVATE MONEY TRANSFERS TO ARMENIA TOTAL $663.6MLN AT FIRST HALF OF 2007

    ARKA
    11 Sept 2007

    YEREVAN, September 11. /ARKA/. Private money transfers to Armenia
    totaled $663.6mln at the first half of 2007 after growing 37.84%,
    compared with the same period a year earlier.

    Central Bank of Armenia says individuals received 10.77% greater
    amount in Armenian drams at the 1st half of 2007, compared with the
    same period of 2006. Growth in U.S. dollars made 37.84%.

    The number of transfers to Armenia grew 21.79% to 712.4thnd.

    International swift transfers to individuals without opening accounts
    reached 63.89% of total transfers to Armenia against 56.48% at the
    same period of 2006.

    The number of these transfers made 93.78% of total number of transfers
    to Armenia against 88.85% at the compared period.

    According to the Central Bank's information, Unistream is the leader
    among international payment systems, since the greatest amount - AMD
    73bln or $204.6mln - and the greatest number - 239578 - of transfers
    were operated through it at the first half of 2007.

    Armenian citizens transferred the amount equal to AMD 145.1bln abroad
    at the first half of 2007. This is 3.29% smaller amount than at the
    same period of 2006.

    In dollars, this amount grew 20.34% to $406.7mln. The number of
    transfers grew 18.74% to 64.7thnd.

    The Central Bank says 11.91% of total amount of the amount and 59.32%
    of the total number of transfers sent from Armenia abroad at the
    first half of 2007 were operated through international systems.

    According to the Central Bank's report, Armenian commercial banks
    participate in SWIFT, Western Union (15 banks), Money Gram (1 bank),
    Anelik (8 banks), Unistream (3 banks), "Bistraya Pochta" (6 banks),
    Interexpress (2 banks), Contact (3 banks), Leader (3 banks), Migom
    (6 banks), Private Money Transfer, STB Express, Faster, "Blizko"
    and "Zhivie Dengi" international systems. Besides, non-banking
    organizations Haypost (Armpost), Contact, Travelex, Stefi and "Depi
    Tun" take part in systems operating private transfers.
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