Central Bank of Armenia
Henrik Manukyan currently serves as a Risk Analyst at the Central Bank of Armenia, focusing on supervisory assessments of banks' business models and micro-prudential stress testing since September 2021. Previously, Henrik held positions as an Accountant and Financial Specialist, where significant contributions included software automation solutions that increased efficiency by 55% and business process re-engineering that enhanced productivity by 40%. Prior experience includes serving as an Associate Auditor at Grant Thornton Armenia, assisting in financial audits and the preparation of financial statements, and as an Assistant Accountant at Groupe Synten within a French-speaking financial department. Henrik holds multiple degrees, including a Master's in Finance & Management from Université Jean Moulin and a Bachelor's in Business Administration from the same institution, alongside ongoing doctoral studies in Digital Transformation and Economics & Management.
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.