Zhoghovurd: Foreign transfer rate lower in Armenia

Zhoghovurd: Foreign transfer rate lower in Armenia

The paper has learned that the foreign transfers sent to natural persons in Armenia continue hitting low records, increasing the population’s poverty rate.

The paper says that the incoming transfers in January 2016 totaled US $29,372,000 against the $36,821,000 in the first month of last year or the $78,614,000 in January 2014, citing the official records.

The decreasing transfers, according to the paper, demonstrate that Armenia’s economy, which relies largely on foreign transfers, keeps facing impoverishment.

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