Central Bank of Armenia
Meline Arshakyan is an experienced finance professional currently serving as a Portfolio Manager and Operational Risk Manager at the Central Bank of Armenia since December 2021. Prior to this role, Meline worked as an Accounting Specialist at GenKey Systems LLC from January 2021 to November 2021. Meline holds a Master's degree in Bank Regulation from the Armenian State University of Economics, completed in December 2022, and a Bachelor's degree in Finance from the same institution, obtained in May 2021. Meline also expanded academic knowledge at the University of Applied Sciences at Zwickau from March 2020 to August 2020.
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.