Money transfers to Armenia halved

 

In January 2015, the amount of private non-commercial transfers to Armenia reached $37 million. In comparison with January 2014, this figure haa fallenau by more than 50%, writes the Armenian newspaper Haykakan Zhamanak."It was easy to predict that private transfers will be reduced. But the that the reduction would reach the level that has been observed was not expected even by the most pessimistic forecasts," the newspaper notes, Epress.am reports.The newspaper informs that the amount of private transfers expected by the Cental Bank of Armenia should have been fallen by only 30%, and the Central Bank has been building its monetary policy based on these expectations.

 

In January 2015, the amount of private non-commercial transfers to Armenia reached $37 million. In comparison with January 2014, this figure haa fallenau by more than 50%, writes the Armenian newspaper Haykakan Zhamanak.

"It was easy to predict that private transfers will be reduced. But the that the reduction would reach the level that has been observed was not expected even by the most pessimistic forecasts," the newspaper notes, Epress.am reports.

The newspaper informs that the amount of private transfers expected by the Cental Bank of Armenia should have been fallen by only 30%, and the Central Bank has been building its monetary policy based on these expectations.