ArmInfo. Forecasts about the impending depreciation of the dram do not have an economic basis, and pursue one goal - to generate discontent among a large number of the population. The lawmaker from the <My Step> faction Gevorg Papoyan expressed this opinion on April 13 from the rostrum of the National Assembly.
Thus, according to Papoyan, a few days ago the American currency objectively rose in price, and it went up not only in relation to the Armenian dram, but also in relation to a number of other currencies. However, "certain circles" began to sow panic in order to generate additional discontent among the population. "These are mainly former officials who lost their posts after we came to power. Today, as before, they continue to work against the Armenian state," the lawmaker said.
Meanwhile, Papoyan noted, the authorities stated that there was no objective basis for the appreciation of the American currency and the need to stock up on dollars - this is rather the result of a behavioral macroeconomics. "Today, as a result of the effective intervention of the state, including the intervention of the Central Bank, the dollar exchange rate is set at 519 drams," the MP said, urging the citizens of the country to be guided by official information when making financial and economic decisions and continue not to succumb to provocations carried out by specific people, whose purpose is to "seize power". To recall, on April 8 the Central Bank of Armenia announced for the second time this year its intention to carry out interventions in the foreign exchange market to ensure the normal activity of the financial sector. Previous announcements by the Central Bank of its intention to enter the foreign exchange market with interventions were made in 2020 on November 24 and December 15, and in 2021 on January 13. According to the Central Bank of Armenia, in January 2021, the Central Bank of the Republic of Armenia in the foreign exchange market made interventions for a total of $ 46.8 million - entirely by sale. For the entire 2020, the Central Bank made interventions for a total of $ 328.750 million, of which $ 90.9 million was bought (January-February and April) and $ 237.850 million sold (March-April, November-December). And if in January-February interventions in the foreign exchange market were exclusively for buying, and in March - only for selling, then in April the Central Bank made operations both for buying and selling (the volume of sales almost doubled the volume of purchases - $ 57 million versus $ 33.1 mln), and in November-December the Central Bank made only sales transactions in the amount of $ 110.850 mln. In May-October, the Central Bank did not intervene.
