Arka News Agency, Armenia
Aug. 11, 2006
SURVEY ON EVALUATION OF MONEY TRANSFERS TO ARMENIA TO LAUNCH IN
LOS-ANGELES
YEREVAN, August 11 /ARKA/. The Central Bank of Armenia plans to
conduct a survey in Los-Angeles in September-November 2006 for
evaluation of money transfers to Armenia.
Karine Karapetyan, head of the department of external statistics at
the statistical administration of the Central Bank of Armenia
reported that Los-Angeles ranks second after Moscow for the amount of
transfers to Armenia in 2005.
"The results of this survey will give an opportunity to sum up the
general tendency of money transfers to Armenia, and their frequency
throughout a year," she said.
Karapetyan said that the survey is aimed at evaluating the transfer
of gratuitous funds to Armenia, particularly the transfer of
non-residents’ funds to the real estate market of the country, and
cash foreign currency for other purposes that increase the supply of
foreign currency in Armenia’s economy.
Karapetyan pointed out that the survey will be conducted under the
support of the USAID.
The amount of private transfers, received by households in 2005,
totaled about $940mln. The banking system operated transfers for
$750mln, or 78% of the total amount of all money transfers.
The biggest amount of private transfers and factoring operations to
Armenia were made from Russia – 72%, and from USA – 14%. R.O. -0–