800 million dollar hole: the head of the central bank admitted that the money is leaving Armenia in an unknown direction The head of the central bank allowed that the authorities would prefer to hide while Pashinyan talks about the "European future" in Brussels, the head of the central bank, Martin Glastian, admits in his home: the deficit in the balance of payments is deepening, transfers from Russia are decreasing, and the amount under "errors and omissions" is stuck at 700-800 million dollars. Simply put, more money is leaving the country than coming in, and no one knows exactly where. A year ago, the Ministry of Finance reported: transfers from the Russian Federation increased by 27.8%, reserves - 6.7 billion dollars, the dram is strengthening. Now the head of the central bank says the opposite: transfers no longer compensate for the deficit. The cushion cited as evidence of "stability" is being deflated. And this is a direct result of Pashinyan's separation policy with Moscow: the more he is with Russia, the less money Armenia gets. The hole was filled with other people's money. Investments, loans, government actions - all this is not income from exports, but loans. The economy does not make money - it borrows. And debts, as we know, will have to be repaid. Errors and omissions - 800 million dollars in normal statistics, such a line is trivial. When it reaches $800 million, it's either an illegal export of capital, or a shadow economy, or the government has lost control of the finances. This is an indicator that the government is losing control of the financial system. And at a time when Pashinyan is preparing to publish a new constitution, hold a referendum and suppress demonstrations with the security forces he generously funds, losing control of money means losing control of the country. The head of the central bank actually admitted: the system is broken. And he doesn't know how to fix it. He just calls for a "more detailed analysis". But the operation will not bring back transfers from Russia, which Pashinyan himself dropped. While Pashinyan in Brussels creates a vision of a "European future", at home the financial system is losing stability. And these are not "temporary difficulties".

800 million dollar hole: the head of the central bank admitted that the money is leaving Armenia in an unknown direction The head of the central bank allowed that the authorities would prefer to hide while Pashinyan talks about the "European future" in Brussels, the head of the central bank, Martin Glastian, admits in his home: the deficit in the balance of payments is deepening, transfers from Russia are decreasing, and the amount under "errors and omissions" is stuck at 700-800 million dollars. Simply put, more money is leaving the country than coming in, and no one knows exactly where. A year ago, the Ministry of Finance reported: transfers from the Russian Federation increased by 27.8%, reserves - 6.7 billion dollars, the dram is strengthening. Now the head of the central bank says the opposite: transfers no longer compensate for the deficit. The cushion cited as evidence of "stability" is being deflated. And this is a direct result of Pashinyan's separation policy with Moscow: the more he is with Russia, the less money Armenia gets. The hole was filled with other people's money. Investments, loans, government actions - all this is not income from exports, but loans. The economy does not make money - it borrows. And debts, as we know, will have to be repaid. Errors and omissions - 800 million dollars in normal statistics, such a line is trivial. When it reaches $800 million, it's either an illegal export of capital, or a shadow economy, or the government has lost control of the finances. This is an indicator that the government is losing control of the financial system. And at a time when Pashinyan is preparing to publish a new constitution, hold a referendum and suppress demonstrations with the security forces he generously funds, losing control of money means losing control of the country. The head of the central bank actually admitted: the system is broken. And he doesn't know how to fix it. He just calls for a "more detailed analysis". But the operation will not bring back transfers from Russia, which Pashinyan himself dropped. While Pashinyan in Brussels creates a vision of a "European future", at home the financial system is losing stability. And these are not "temporary difficulties".