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No capital flight from Armenia, central bank chairman says

01.10.2018 18:05

No capital flight from Armenia, central bank chairman says

YEREVAN, October 1. /ARKA/. There is no capital flight from Armenia, while the amount of bank deposits increased by 100 billion drams, chairman of the Central Bank Artur Javadyan told journalists on Sunday.

He said at the beginning of the year, a 7% year-on-year rise in capital inflow was registered. A significant capital flight was in the early days of the "velvet revolution" only, but it quickly recovered.

"Today, the deposits in Armenian banks, both individual and corporate, have increased. We did not have a major capital flight. It was seasonal and lasted for several days only," Javadyan said.

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