Announcement

Collapse
No announcement yet.

Foreign transfers to Armenia cut down twice

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • Foreign transfers to Armenia cut down twice

    Haykakan Zhamanak: Foreign transfers to Armenia cut down twice

    12:26 * 28.02.15


    The remittances to Armenia fell by 50% to US $ 37 million since
    January compared to the first two months of 2014, the paper says,
    citing official statistics.

    It says that the foreign transfers, which mostly constitute the
    earnings of the Armenians working abroad, severely impact the
    population's general well-being. The paper claims that the private
    transfers, which are the only means of survival of hundreds and
    thousands of families, are comparable in volume to Armenia's State
    Budget. Such a declines, according to the paper, leads to families'
    impoverishment, reducing the population's purchasing capacity.

    Citing the Central Bank of Armenia (CBA), the paper says that it
    expected the decline to be no more than 30% and built its
    monetary-loan policies accordingly. The January records, however,
    reveal that the reality is even much worse than the CBA expected, adds
    the paper.


    http://www.tert.am/en/news/2015/02/28/hz/1603715




    From: A. Papazian
Working...
X