Central Bank of Armenia
Gevorg Tumanyan has a diverse work experience in the banking sector. Gevorg started their career in 1994 at the Central Bank of Armenia, where they served as the Head of the Cash Operations Department until 2006. In 2007, they joined the German-Armenian Fund PMU as the Director and held the position for over 13 years before returning to the Central Bank of Armenia in 2020. At the Central Bank, they first served as the Head of the Operations Department and is currently the Head of the Currency Issue and Numismatics Center.
From 1981 to 1986, Gevorg Tumanyan attended Moscow Geological Research University and obtained a Diploma in Economics. During their time there, they focused on studies in Economics, Geology, and Mining.
This person is not in any teams
This person is not in any offices
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.