Page "Economy of Armenia" Paragraph 39

In 2007, cash remittances through bank transfers rose by 37 percent to a record-high level of $ 1. 32 billion USD.

According to the Central Bank of Armenia, in 2005, cash remittances from Armenians working abroad reached a record-high level of $ 1 billion, which is worth more than one fifth of the country ’ s 2005 Gross Domestic Product.