Central Bank of Armenia
Ashot Petrosyan has extensive work experience in various fields. Ashot currently serves as a Member of the Board of Trustees at the Visual Armenia Foundation and as the Head of Financial System Development at the Central Bank of Armenia. Ashot is also a Co-Founder of the ArmeTour Travel Agency. In the past, they have worked as a Lecturer at the French University in Armenia and the Armenian State University of Economics. Ashot has also held various roles at the Central Bank of Armenia, including Survey Expert, Head of Surveys and Analysis Division, and Head of Economic Statistics Development Division. Ashot has also worked as a Macroeconomist in the Monetary Policy Department at the bank. Furthermore, they have worked as a Short-Term Consultant at the IFC - International Finance Corporation and as a Teaching Professor at the European Carolus Magnus University (ECMU). Ashot started their career as a Specialist at the National Statistical Service of Armenia.
Ashot Petrosyan completed a Certificate Program in Finance and Economics at The Fletcher School at Tufts University in 2009. Prior to that, they obtained a PhD in Finance and Money from the Institute of Management and Economic Reforms from 2003 to 2005. Ashot'sundergraduate education was at the Economic University of Armenia, where they obtained a Masters degree in Macroeconomics from 1998 to 2003.
In addition to their formal education, Ashot Petrosyan has also earned several certifications. In June 2022, they obtained a certification in Climate Change and Green Finance from the Joint Vienna Institute. In 2008, they completed an Advanced Corporate Credit Training program at Fitch Rating Agency in London. Ashot also holds a Participation Diploma from the School for Young Leaders in Yerevan, which they obtained in 2005. Additionally, they have passed Level I of the CFA examination in 2010, awarded by the CFA Institute.
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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.