AMD falls slowly

The current situation differs from March’s: AMD continued its descent but in comparison with March, slowly. Great upheavals aren’t expected, such as decrease by 10-30%,” said at today’s conference head of Armeconombank David Sukiasyan.

According to his projections it’s expected a possible increase value of AMD versus Dollar and the growth rate may amount 5 points.

David Sukiasyan pointed that bank’s customers preferred both dollar and AMD deposit account before (fifty-fifty), but now they prefer more dollar accounts (90 dollar accounts against 10 AMD).

Speaking about money transfer services Mr. Sukiasyan noted decrease by 30% in comparison with last year’s index. However, it should be noticed that transfers from Russia and Ukraine are made beyond official bank payments as people do not trust banking system, while transfer from Europe continue to be carried through banks.