The capital flow from Armenia increased from US $760992000 in 2015 to 816982000 in 2016,the paper says, citing the Central Bank of Armenia (CBA).[br]Against the backdrop of the official statistics, or published on the CBA website,an earlier report by Global Financial Integrity revealed that approximately US $2 million was illegally transferred from the country between 2003 and 2013. It was the money which could have been invested in the country’s economy to contribute to its further development, claims the paper. Meantime it says that the foreign transfers decreased essentially in 2016. The CBA statistics reveals that against the US$ 870667000 in 2015, and only US 715901000 was transferred to the country in the reporting period.
Source: tert.am