ArmInfo.There is a high probability that the inflow of remittances in 2024 will decrease by about 15%, while the outflow will continue to grow. Economist Aghasi Tavadyan expressed a similar opinion on his Facebook page.
He noted that in 2023, the influx of transfers from individuals over the year increased by 9.7%, against a 2.5-fold increase in 2022. However, since mid-2023, as the economist noted, there has been a sharp decline in the net inflow of remittances. At the same time, Tavadyan drew attention to the fact that in 2023, 55% more funds came out through banks via transfers than in 2022.
He also said that in 2023, 69.3% ($3.946 billion) of money transfers from individuals through the banking system of Armenia came from the Russian Federation, 11.6% ($663 million) from the United States. According to the Central Bank, in 2023, the inflow of transfers from individuals amounted to $5.696 billion, with an increase of 9.7% over the year, outflow - 4.041 billion, with a y-o-y increase of 55%.
