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.

Government

Central Bank of Armenia

Martin Galstyan

Armenuhi Mkrtchyan

Ani Goyunyan

Anush Grigoryan Fcca

Azat Gabrielyan

Ani Kirakosyan

Samvel Arakelyan

Margarita Panoyan

Lusine Harutyunyan

Hermine Mikayelyan

Hayk Yesayan

Edgar Sargsyan

Armen Hovhannisyan

Anna Yeghiazaryan

Vigen Shahnazaryan

Khachatur K

Ashot Gabrielyan

Erik Vardanyan

Aleksandr Shirkhanyan

Nona Kirakosyan

The Financial Analysis Team at the Central Bank of Armenia is responsible for conducting in-depth economic and financial analyses to support the central bank’s monetary policy and strategic objectives. This includes evaluating macroeconomic indicators, assessing risks within the financial system, and ensuring effective portfolio and risk management. The team also collaborates on budgeting, financial education, and regulatory compliance initiatives to enhance the stability and transparency of Armenia's financial landscape.

Financial Analysis Team

Analysts and Risk Management

Financial Supervision and Regulation

Financial Analysis Team

About

Team members

Other teams at Central Bank of Armenia

Analysts and Risk Management

Financial Supervision and Regulation