{"id":29455,"date":"2011-11-09T14:36:21","date_gmt":"2011-11-09T14:36:21","guid":{"rendered":"https:\/\/armbanks.am\/2011\/11\/09\/234078\/"},"modified":"2024-12-15T12:53:37","modified_gmt":"2024-12-15T12:53:37","slug":"a-second-wave-of-global-crisis-would-have-dramatic-impact-on-money-transfers-to-armenia-expert-says","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2011\/11\/09\/29455\/","title":{"rendered":"A second wave of global crisis would have dramatic impact on money transfers to Armenia: expert says"},"content":{"rendered":"<p><strong>YEREVAN, November 9. \/ARKA\/.<\/strong> A second wave of the global financial crisis would have a dramatic impact on the amount of money transfers sent by Armenian labor migrants to their families home, Tatul Manaseryan, head of Alternative think-tank, told reporters Wednesday.<\/p>\n<p>According to the latest data of the Central Bank of Armenia, individual remittances to Armenia in September this year sent via banks increased by 13.9% ($22.2 million) year-on-year to approximately $180.7 million.<\/p>\n<p>Tatul Manaseryan said a second wave of crisis would also lead to job losses in Armenia and decline of exports.<\/p>\n<p>&#8220;The rise in prices of goods and services at world markets will affect Armenia as our exports exceed imports by a factor of 3.7,&#8221; he said.<\/p>\n<p>According to the National Statistical Service of Armenia, Armenia\u2019s foreign trade in January-September 2011 surged by 16.6% from a year earlier to 1.461.2 trillion drams in current prices or about $3.9 billion. Exports totaled $969.7 million and imports $2.979.5 billion.<\/p>\n<p>According to Manaseryan, Armenia has sufficient internal resources to cushion potential threats in case of another crisis.<\/p>\n<p>&#8220;If we are able to accumulate these resources and provide them to entrepreneurs on more favorable terms, we could stop borrowing money from international lending organizations,\u2019 he said.<\/p>\n<p>According to him, in order to counter the second wave of crisis the country needs to focus increasingly on high-techs, take care of the technical re-equipment, and create free economic zones. -0-<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A second wave of global crisis would have dramatic impact on money transfers to Armenia: expert says.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[12139,9216],"tags":[15837,12688,12182],"class_list":{"0":"post-29455","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-economy-en","7":"category-news","8":"tag-armenia-2","9":"tag-armenia-analyst-inflation","10":"tag-crisis"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/29455","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/comments?post=29455"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/29455\/revisions"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=29455"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=29455"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=29455"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}