MONEY TRANSFERS FROM RUSSIA TO SOUTH CAUCASUS REACH $350,000,000
Regnum, Russia
June 14 2007
Trans-border money transfers by natural persons made via money order
systems and regular mail to countries in South Caucasus have reached
$350 mln; only $29 mln were transferred to Russia.
According to Russia’s Central Bank, for the period under report,
natural persons sent $133 mln from Russia to Armenia, estimated
average amount of one money order is $642. $115 mln were transferred
to Azerbaijan (one money transfer was $680). From Russia to Georgia,
natural persons sent $102 mln (one money transfer equaled $631).
In the first quarter of the year, $17 mln were sent from Armenia to
Russia (one money transfer was $1422 in average), $6 mln came from
Azerbaijan (with an average money order worth $553), as well as $6
mln came from Georgia (an average money order equaled $693).