Central Bank of Armenia
Aram Kirakossian has diverse work experience in various organizations. Aram started their career as an Intern at the Ministry of Defence of the Republic of Armenia from 2011 to 2013, where they worked as a Country Desk Officer. In 2014, they interned at UNIDO for three months. The following year, they joined the Permanent Mission of the Republic of Armenia to the OSCE as an Intern until 2016. From 2016 to 2021, they worked at the Central Bank of Armenia as an International Relations Expert. Aram then held the position of Acting Head of the International Relations Division, Financial Monitoring Center from 2021 until 2022, and currently serves as the Head of the International Relations Division since August 2022. Aram Kirakossian also became a Bureau Member at the Council of Europe COP to CETS198 in November 2021.
Aram Kirakossian holds a Master's degree in International/Global Studies, which they obtained from Diplomatische Akademie Wien from 2013 to 2015. Prior to that, they completed their Bachelor's degree in Management at Yerevan State University from 2007 to 2011. In addition to their formal education, they have obtained additional certifications, including Joint Assessor Training from the Financial Action Task Force (FATF) in February 2022, and the NCO Intermediate Leadership Course in a Multinational Environment from the Swiss Armed Forces College in July 2012.
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Central Bank of Armenia
The Central Bank of Armenia (the CBA) is a legal entity empowered with state functions. Primary goal of the CBA is price stability in the Republic of Armenia. The CBA coordinates the primary goal with the Government of Armenia, as stipulated by the Armenian Law on State Budget, and approved by the National Assembly of Armenia. The CBA itself decides on the strategy of monetary policy it implements and target (intermediate and operational) indicators that are contained in the monetary policy program and subject to presentation to the National Assembly. The program outlines the main directions of the monetary policy and the monetary instruments which the CBA uses in order to fulfill its objectives. Coordination of monetary and fiscal policies is priority in developing and implementing the monetary policy. The coordination involves both opting for basic macroeconomic indicators and issues relating to short-term adjustment of liquidity by the CBA, disbursement of external financial inflows and issuance and allocation of T-bills by the Government. The CBA makes sure its activities are maximally transparent and open to public, which serve the best warrant for the general public's confidence in the monetary policy implemented by the CBA.