YEREVAN. – In November 2012, individuals have sent non-commercial remittances totaling $163.7 million to Armenia, the Central Bank informs. To note, this was $180 million in October 2012.

Overall, however, more than $1.5 billion was transferred to Armenia from January to November, which virtually equaled the twelve-month indicator for 2011.

The growth in remittances constitutes close to eleven percent, as compared to the previous year.

Russia continues to be the main source of these remittances, as close to $1.3 billion was received from that country in the eleven months of 2012. Second is the US, with $60 million. Third and fourth countries are Kazakhstan and Ukraine, with $20 million and $17.5 million respectively.