Asatryan was an activist of the revolutionary movement in Armenia in the late 1980s. 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. In 1995 he was elected as a member of the National Assembly of Armenia. In 1994 Asatryan was elected the chairman of the Central Bank of Armenia by the National Assembly. 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. Before him a parliamentary commission introduced the Armenian dram. Bagrat Asatryan is the author of the first Monetary Policy implemented by the CBA in 1995, he is also the initiator of several significant legislative pieces about the banking system in Armenia, including laws on "The Central Bank", "Banks and Banking", "Bank Bankruptcy", "Bank Secrecy", which were designed to regulate the relationships in the banking system and were adopted by the National Assembly in June 1996. 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.