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.
