The CBA is an autonomous agency charged with the responsibility of issuing all banknotes and coins in the country, supervising and regulating the banking sector, and maintaining the government’s currency reserves. Additionally, the CBA is the sole proprietor of the Armenian Mint. Armenia’s Central Bank (the CBA) is a legal institution endowed with state powers. The primary goal of the CBA is price stability in the Republic of Armenia and the CBA coordinates the primary goal with the Government of Armenia, as stipulated by Armenia’s National Assembly ratified the Armenian Law on State Budget. The CBA establishes its monetary policy strategy and targets (intermediate and operational) indicators that are included in and subject to the monetary policy program. presentation to the National Assembly. The program describes the CBA’s primary monetary policy objectives and the monetary instruments it employs to accomplish them.

Priority is given to the coordination of monetary and fiscal policies while formulating and implementing monetary policy. Coordination entails both the selection of fundamental macroeconomic variables and discussions about the CBA’s short-term liquidity adjustment, the disbursement of external financial inflows, and the issuance and allocation of debt. of T-bills by the Government. The CBA ensures that its operations are as transparent and available to the public as possible, which serves as the best guarantee of the general public’s confidence in the monetary policy pursued by the CBA. the CBA.

Key tasks of the Central Bank

• to safeguard the financial sector’s stability
• to arrange for the issuance of national money and to maintain its circulation
• to combat the financing of terrorists and money laundering
• to manage the international reserves of Armenia
• to control and supervise other areas of authority as specified in Armenia’s constitution and laws

CBA Management

The Central Bank Board of Governors is the Central Bank’s governing body. The Central Bank Board of Directors is comprised of the chairman, his two deputies, and five members. According to their positions, the Chairman of the Central Bank and Deputy Chairman of the Central Bank are members of the Central Bank Board. The Chairman of the Central Bank is the bank’s highest official. The Chairman is accountable for carrying out this law’s objectives. In the Chairman’s absence or incapacity to perform his responsibilities, one of his deputies takes his place, and in the Chairman’s absence or incapacity to perform his duties, one of his deputies takes his place. if the deputies are unable to govern, the eldest member of the Central Bank Board shall function in his stead. The Chairman is appointed by the National Assembly for a six-year term following the President’s presentation, while the Deputy Chairmen are appointed by the President. for 6 years. The President of Armenia appoints members of the Central Bank Board of Directors for a five-year term. Members of the Central Bank Board of Governors are not permitted to have additional paid positions at the Central Bank. The Central Bank Chairman directs and supervises the Central Bank’s activities, as well as represents the Central Bank in the Republic and abroad, as well as in international organizations, incorporating further Central Bank Board-exclusive rights. The Chairman, his deputies, and Board Members are prohibited from becoming members in the management of any political party, from holding any state title, or from performing other remunerated jobs, unless as provided in this section. for scholarly study, educational activities, and creative endeavors.

Financial Institutions

1. Banks
2. Credit Organizations
3. Foreign exchange brokers and dealers
4. Foreign exchange traders
5. Cash (money) transfer operators
6. Investment firms (persons rendering investment services under the Republic of Armenia Law on Securities Market)
7. Insurance (reinsurance) companies
8. Insurance (reinsurance) intermediaries
9. Pawnshops

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 Additional info

1. GOVERNOR

Mr. Martin Galstyan 

Fax 523 852 

Email chairman@cba.am

2. DEPUTY GOVERNORS

Mr. Nerses Yeritsyan, Phone 589 611, Fax  523 852, Email nyeritsyan@cba.am

Mr. Hovhannes Khachatryan, Phone (+374 10) 592 614, Fax 580 368, Email hovhannes.khachatryan@cba.am

3. CENTRAL BANK BOARD

Mrs. Hasmik Ghahramanyan Phone 592 551 Fax 523 852 Email hasmik.ghahramanyan@cba.am

Mr. Artur Stepanyan Phone 522 528 Fax 523 852 Email arthur.stepanyan@cba.am

Mr. Davit Nahapetyan Phone (+374 10) 592 600 Fax 565 496 Email davit.nahapetyan@cba.am

Mr. Artak Manukyan Phone (+374 10) 592 553 Fax (+374 10) 523 852 Email artak.manukyan@cba.am

Mr. Levon Sahakyan Phone (+374 10) 592 614 Fax Fax (+374 10) 523 852 Email levon.s.sahakyan@cba.am

4. ADDRESS: 6 Vazgen Sargsyan St, Yerevan 0010, Armenia

    PHONE: +374 10 583841

   WEBSITE: https://www.CBA.am