Yerevan/Mediamax/. The Central Bank of Armenia intervenes with the currency market from time to time, but only in order to mitigate the abrupt seasonal fluctuations and without any intentions to form a concrete currency exchange rate.

Mediamax reports that the Head of Monetary-Credit Policy of CB Artur Stepanyan said this today. He noted that the monetary-credit policy of the CB and dedollarization measures create a basis for formation of a more stable exchange rate in the currency market and neutralization of speculative attacks.