YEREVAN, May 31. /ARKA/. A slight outflow of financial resources from Armenia’s banks was seen in April and May because of political events, Andranik Grigoryan, the head of a Central Bank department in charge of financial stability, said on Wednesday.
“The amount of the outflows was not large and the money was withdrawn mainly by minor depositors – ordinary citizens of Armenia,” he said. “They prevalently are those depositors who can’t make long-term decisions or give in to panic in certain circumstances.”
Grigoryan also commented on the rumors going around that some persons have taken considerable financial resources from the country because of the recent political events.
“The central bank has not fixed any outflow of large amounts,” he said. “Besides, if large amounts have been taken away, it would have been noticed also by a third party where this money has come, but we have no such reports.”
Arthur Javadyan, the head of the Central Bank of Armenia, said earlier that 70% of the withdrawn deposits have already come back to banks after early withdrawal.
According to the central bank’s figures, deposits in Armenia’s banks totaled AMD 2 643.2 billion in late March after growing 1.38% over one month.
On April 23, Serzh Sargsyan, who was appointed by the Armenian parliament as prime minister amid widespread disaffection for him, resigned under the pressure of mass protests against his premiership.
On the same day, Armen Sarkissian, Armenian president accepted the government’s resignation.
On May 8, the National Assembly elected Nikol Pashinyan as prime minister by a majority of votes – 59 MPs voted for him and 42 voted against him. ($1 – AMD 482.83). –0—
