ArmInfo. Armenia's banking sector is equipped with the necessary tools and robust buffers to withstand the economic shocks of a potential military conflict involving Iran, as stated by the Chairman of the Central Bank of Armenia (CBA), Martin Galstyan, during a press conference on February 3.
However, he noted that everything depends on the scenario surrounding Iran.Galstyan outlined that the Central Bank is analyzing three distinct levels of escalation: the "Apocalyptic" Scenario: Full-scale military operations against Iranian forces, the Targeted Strike Scenario: Limited aerial attacks on specific infrastructure and the Rhetorical Scenario: Continued aggressive diplomatic posturing and threats.
"We are considering all these scenarios, and are working to properly structure the banking system's toolkit, specifically regarding the presence of necessary buffers. I believe that if, God forbid, the situation develops in a way that negatively impacts us, we are ready as a system withstand it. But let's hope we will not face similar challenges," he noted.
In late January and early February 2026, US President Donald Trump repeatedly warned Iran of "serious consequences" if a new nuclear deal wasn't reached. According to media reports, he ordered the development of options for "prompt and dec sive" targeted attacks that would not escalate into a full-scale regional war. Conversely, Iranian leadership has warned that any military action would trigger a "harsh response," potentially igniting a broader regional war.
