On September 23, HSBC bank celebrated its 10th anniversary. The bank organized interview on September 23 and besides speaking about the achievements of the bank they spoke about the economic situation of Armenia as well. One of the participants spoke a very interesting idea, “You have a very effective Central Bank and the rapid economical growth may be explained due to the CB as well”.
As in the recent period the name of the Central Bank is associated with the currency exchange changes we wandered whether the HSBC/Armenia representatives had ever exchanged their savings and calculated their losses in that regard. The general executive director of the bank, Anthony Terner said that it was confidential. Another representative of the bank, Ararat Ghukasyan said that he got his salary in Armenian dram and thus his savings were in that currency too. However, most of Armenians can’t make savings in the national currency because of the fact that they spend it till the end and don’t have any extra money to save.