CBA President: No shortage of foreign currency in Armenia

Hasmik Dilanyan
Public Radio of Armenia

There is no shortage of foreign currency in Armenia, President of the Central Bank of Armenia Arthur Javadyan told reporters today. He said “no bank has been instructed to suspend transactions.”

“The Central Bank has not imposed any restrictions on accounts, deposits or other services,” Javadyan said, adding that “banks will be punished if it turns out they take any speculative steps and refuse to provide services.”

The CBA President assured that the Armenian dram will again appreciate and did not rule out that this could happen before New Year. He added also that the Central Bank keeps the inflation under control.

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