A. Javadyan: There was no significant outflow of capital from Armenia on the days of the protest movement. Early closure of deposits was observed in small amounts, but since May 10, a rapid recovery registered

ArmInfo. There was no significant  outflow of capital from Armenia on the days of the protest movement -  conversations about this were mostly "myths". Early closure of  deposits was observed in small amounts and it began on April 22-23,  but after May 10, a quick recovery took place.  Head of the Central  Bank of Armenia Artur Javadyan stated in an interview with Radio  Azatutyun.

"It was not about hundreds of millions, it was about a few tens of  USD millions. But this is not important, since we saw the phenomenon  of early termination of deposit agreements and at the end of 2014,  but we did not observe such a rapid restoration now. Now the balance  is positive, and in this regard there are no problems. During the  days of protest movement and afterwards the system kept liquidity,  and there is nothing negative that could threaten our financial  stability," A. Javadyan stressed.

Talking about the significant outflow of capital from the country on  the days of the protest movement, the chairman of the Central Bank  commented as follows: "There was not such a big outflow of capital.  There were leaks natural and typical for this period."

The other day the director of the National Security Service Artur  Vanetsyan promised loud revelations in the fight against the shadow  and the identification of corruption schemes. In particular, he said  that there is evidence that 350 people without their knowledge were  used to open large businesses. Asked whether the Central Bank is  informed about this, and whether this statement was a surprise, A.  Javadyan replied: "We constantly exchange information with the  National Security Service. The information that we must provide to  our partners in the manner prescribed by law, we provide, and we have  a fairly good relationship with our partners, because, as you know,  we are engaged in some financial intelligence issues."

A. Javadyan stated that the fight against corruption is, first of  all, the struggle conducted by the relevant bodies. "But be sure that  all types of structures, including such independent structures as  ours, always help in the fight against corruption, and we do our best  in this direction, so that there is not one case in which we feel  that there is such a need: be sure that we share this information  with our partners. The Central Bank has always promoted the fight  against corruption," the Chairman of the Central Bank of Armenia  summed up.