Armenian Households Recevie Money Transfers For $940 Mln In 2005

ARMENIAN HOUSEHOLDS RECEVIE MONEY TRANSFERS FOR $940 MLN IN 2005

ArmRadio.am
10.08.2006 11:14

Armenian households received money transfers for about $940mln,
Karine Karapetyan, head of the department for external statistics, the
statistical administration of the Central Bank of Armenia (CBA), told
journalists according to the results of a survey, organized by the CBA.

She said that $750mln of the transfers from the abovementioned amount
entered Armenia by means of the banking system. "It amounts to 78%
of the total amount of all money transfers," she said.

In general, Karapetyan reportd that over the last three years
(203-2005) the annual increment of transfers to Armenia amounts to 37%
on average. "Their share in GDP amounts to about 15%," she added.

In the survey organized under the support of the World Bank in
February-April 2006, 2000 Armenian households, and receiving transfers
from abroad, 2000 respondents in Moscow, making transfers, and also
a few Armenian organizations that operate reception and allocation
of transfers were involved.

The methodology of the survey was worked out by the CBA, and its
conduction was implemented by Alphaplus Consulting Company, ARKA
Armenian News Agency reported.