Information on How to Transfer Cash to Armenia
Posted on October 18th, 2009 by Mike Stern
Over $1.4 billion was remitted to Armenia in 2007, making international money transfer increasingly pertinent to the economy. With over 300,000 migrants in a populace of 3 million, 10% is abroad and transferring funds to Armenia. This accounts for as much as 15% of the gross domestic product (GDP). Lately, Internet fund transfer utilizing prepaid debit cards has become the most popular choice for transferring funds to Armenia. Because these cards offer low pricing and expediency, it in turn, has a positive impact on the inflow of money.
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