Remittances to Amonatbonk’s branch in Qurghon Teppa decrease

QURGHON TEPPA, January 8, 2009, Asia-Plus  — Over the past three months, remittances the branch of Amonabonk (Tajikistan’s savings bank) in Qurghon Teppa, the capital of the Khatlon province have dropped by some 16.6 percent, from $6 million to $5 million, Zaynullo Majidov, deputy director of Amonatbonk’s branch in Qurghon Teppa, said in an interview […]

Sayrahmon Nazriyev

QURGHON TEPPA, January 8, 2009, Asia-Plus  — Over the past three months, remittances the branch of Amonabonk (Tajikistan’s savings bank) in Qurghon Teppa, the capital of the Khatlon province have dropped by some 16.6 percent, from $6 million to $5 million, Zaynullo Majidov, deputy director of Amonatbonk’s branch in Qurghon Teppa, said in an interview with Asia-Plus, attributing remittance falls to the ongoing global financial crisis.

In the meantime, representatives from Agroinvestbonk’s branch in Qurghon Teppa noted that the crisis has not had serious impact on its indicators.  In January-November 2008, 117.1 million dollars have been remitted to it, which is $44 million more than in the same period of the previous year.

Even inconsiderable decrease in remittances reported in November did not resulted from the crisis, the source at Agroinvestbonk’s branch said.  “It is a common occurrence that happens in November every year as labor migrants return home,” said the source, “We expect remittances to increase in late January and early February.”  

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