President Levon Ter Petrossian sacked brace key administration officials early this year, a impel many in Yerevan have seen as a consolidation tactic on the ruling Armenian national mental action (ANM).
On January 12 Isahak Isahakian, the Director of the Central Bank, was replaced with Bagrat Asatrian. Isahakian, 66 had headed the Central Bank for almost 30 years. couple days later, the President appointed David Shakhnazarian, Acting Chairman of the State Committee for National Security (SCN the former Armenian KGB) to replace Edvard Simoniants.