This year, Armenia recorded capital inflow and serious demand for foreign currency. This is what Chairman of the Central Bank of Armenia Arthur Javadyan said as he responded to MPs’ questions during a discussion on the draft of the 2020 State Budget at the National Assembly today.
According to him, the Central Bank purchased nearly $500,000,000 in the beginning of this year.
“This goes to show that Armenia has capital inflow, and this, in its turn, means that the country has a serious demand for foreign currency. This year, we didn’t make any transaction in the opposite direction. This means that the supply in the market is greater than the demand. However, there might be days when the demand will be greater,” Javadyan explained.