Yerevan/Mediamax/. Economist Samvel Avagyan believes that the tendency on AMD depreciation is conditioned by reduction of private transfers from abroad by approximately 30%, registered in January-February.

On April 8, the average weighted price for USD 1 made AMD 374.4 on NASDAQ OMX Armenia Stock Exchange.

Samvel Avagyan told Mediamax that reduction of transfers has led to reduction of current currency assets, which could have caused increase of demand for USD.

“I believe that the current exchange rate for the currency will remain at the same level in the course of a particular period of time; there are no other factors in economy for further depreciation of AMD”, the economist said.

He also expressed an opinion that the Central Bank is now carrying out a full floating exchange rate policy, allowing the market independently defining the cost of AMD, and is interfering only to mitigate abrupt fluctuations.