On February 3, 1998 because of a political crisis in the country, Bagrat Asatryan resigned from his post with several of his key allies including the President Levon Ter-Petrossian, Vano Siradeghyan, Head of the National Assembly Babken Ararktsyan and Minister of Foreign Affairs Alexander Arzumanyan.

In August 1990 Asatryan, already a member of the Armenian National Movement (ÐÐÞ), became a deputy to the Supreme Council of the First Convocation of Armenia, where he was the chair of the Standing Committee on Health and Social Affairs.

Some of CB’s main operations of this period were putting into circulation and stabilizing the newly implemented Armenian monetary value Dram (AMD), constructing an entirely new banking system in the new market economy.

In 1998 Dr. Asatryan and several of his key allies resigned after a political crisis, which was a result of the Nagorno-Karabakh conflict and disagreement over its solution among high government officials.

After leaving the government Asatryan took several professional posts: serving as the President of the [Association of Banks of Armenia] (1998–1999) and the Executive Director of [ArmimpexBank] (1999–2003).