Development on the expense of emigrants

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| 18:52:52 | 25-05-2005 | Politics |

DEVELOPMENT ON THE EXPENSE OF EMIGRANTS

Only 10 of the 131 deputies were interested in the RA Central Bank 2004
report that Tigran Sargsyan represented in the NA today. In the report there
was information about the economic growth, and the effective
financial-credit policy.

For example, Tigran Sargsyan informed that in 2004 the bank transfers have
grown for 56% in comparison to 2003. Of course no one explained the reason
for this, but it was clear that the people who have migrated from Armenia
send money to their relatives. According to the Central Bank head 74% of the
bank transfers are from Russia and USA.

In his report Tigran Sargsyan also referred to the consumer basket.
Mentioning that in the past year the costs of some goods have risen, the
chief banker of the country tries to convince those present that it did not
affect the consumer basket. Tigran Sargsyan grounded his conviction saying
that in the consumer basket about 400 types of goods are calculated. They
exclude realty, cars etc. The CB head claims that in 2004 only those goods
have become more expensive.