DYNAMICS AND DEVELOPMENT TRENDS OF THE INTERNATIONAL MONEY TRANSFERS IN THE REPUBLIC OF ARMENIA

Abstract

The importance of the study of international remittances is justified by the fact that they are important in revealing cause-and-effect relationships in the context of evaluating the development trends of the RA economy, so the article aims to comprehensively analyze the dynamics of international remittances in Armenia. Within the framework of the issues comming from the purpose of the research, the essence of the concept of "international money transfer" was presented in the article, the main goals of international money transfers have been distinguished, the factors that influence the choice of the option of making an international money transfer have been referred to, the dynamics of the international money transfers of the Aremenian commercial banks have been studied by analyzing cause-effect relationships, the index of the ratio of remittance inflow to GDP has been calculated, the factors determining the development trends of international remittances have been presented. For the research, the methods based on mathematical formula calculations, comparison of statistical deviations and logical reasoning have been used in the scientific paper. At the end of the article, main points have been listed as a conclusion, which can be basis for making professional justified judgments and processing development scenarios for international remittance within theorical and practical researches.