Central Bank of Armenia
Narek Mikayelyan, PMP®, PSM I®, currently serves as a Project Manager/Program Manager at the Central Bank of Armenia since November 2021. Prior to this role, Narek held positions as an Administration Officer/Project Manager at Byblos Bank Armenia CJSC from January 2017 to November 2021, and as a Senior Accountant at the Ministry of Defence of The Republic of Armenia for a brief period in 2016. Narek has a robust educational background with a Master's degree in International Economics from Yerevan State University and a Bachelor's degree in Economics from the same institution. Narek is currently enhancing professional skills through programs at Harvard Business School and Saïd Business School, University of Oxford.
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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.