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ARKA News Agency
Oct 7 2005
CBA CHIARMAN: 95% OF MONETARY TRANSFERS TO ARMENIA ACCOUNT FOR
TRANSFERS IN USD
YEREVAN, October 7. /ARKA/. 95% of monetary transfers to Armenia
account for transfers in USD, as the CBA Chiarman Tigran Sargsyan
stated in the framework of the Second open international interbank
conference "Monetary Transfers". According to him, the problem is
that citizens have no possibility to choose the currency of payment,
but they might like to transfer rubbles from the RF and receive AMD
in the RA. According to Sargsyan, AMD appreciation to USD has been
recorded in the RA recently. It caused discontent of people who
receive transfers in USD, since the buying capacity of USD reduced by
17%.
According to Sargsyan, the problem of monetary transfers is actual in
Armenia. "The actuality of the issue has been observed all over the
world. The issue is discussed at all international conferences. The
phenomenon is preconditioned by the inflow of migrants from many
countries and by the fact that migrants make monetary transfers to
their relatives", he said. According to him, the second factor
contributing to the growth of monetary transfers is the active
monetary policy program of the USA and growth of dollar liquidity.
A.H. -0--
Oct 7 2005
CBA CHIARMAN: 95% OF MONETARY TRANSFERS TO ARMENIA ACCOUNT FOR
TRANSFERS IN USD
YEREVAN, October 7. /ARKA/. 95% of monetary transfers to Armenia
account for transfers in USD, as the CBA Chiarman Tigran Sargsyan
stated in the framework of the Second open international interbank
conference "Monetary Transfers". According to him, the problem is
that citizens have no possibility to choose the currency of payment,
but they might like to transfer rubbles from the RF and receive AMD
in the RA. According to Sargsyan, AMD appreciation to USD has been
recorded in the RA recently. It caused discontent of people who
receive transfers in USD, since the buying capacity of USD reduced by
17%.
According to Sargsyan, the problem of monetary transfers is actual in
Armenia. "The actuality of the issue has been observed all over the
world. The issue is discussed at all international conferences. The
phenomenon is preconditioned by the inflow of migrants from many
countries and by the fact that migrants make monetary transfers to
their relatives", he said. According to him, the second factor
contributing to the growth of monetary transfers is the active
monetary policy program of the USA and growth of dollar liquidity.
A.H. -0--