YEREVAN, October 28. /АРКА/. On Monday, Arthur Javadyan, head of the Central Bank of Armenia, discussing the 2014 budget with the National Assembly’s members, said that the regulator is not interested in strengthening the Armenian dram, and it is doing whatever necessary to bar the national currency from going up.
He said the central bank bought this year $40 million at the country’s forex market to prevent the revaluation of the dram.
Javadyan said that this money was used to supplement international reserves.
He said the regulator is trying to refrain from interfering in the foreign exchange processes and does it rarely, only in the event of sharp fluctuations.
“The central bank intends to remain stuck to this policy also in the future,” he added. —-0—-
