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No significant outflow of financial resources from Armenia in April and May – regulator

31.05.2018 16:04

No significant outflow of financial resources from Armenia in April and May – regulator

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“The amount of the outflows was not large and the money was withdrawn mainly by minor depositors – ordinary citizens of Armenia,” he said.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.

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