VIP Armenia Community - View Single Post - Overseas Cash Transfers to Armenia Drop 6% in 2016; Many Families Feel the Pinch

VIP Forums Group · 31 Jan 17, 16:54

Transfers started to fall in 2014 due to a faltering economy in Russia, where the bulk of those leaving Armenia for seasonal work go to. A drop in oil prices and sanctions imposed by the West made matters worse.

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31 Jan 17, 16:54	#1 (permalink)
VIP Forums Group Top VIP VIP Ultra Club Join Date: Jan 1970 Posts: 12,055 Rep Power: 68	Overseas Cash Transfers to Armenia Drop 6% in 2016; Many Families Feel the Pinch Transfers started to fall in 2014 due to a faltering economy in Russia, where the bulk of those leaving Armenia for seasonal work go to. A drop in oil prices and sanctions imposed by the West made matters worse. More...