The Central Bank of Armenia (Armenian: Հայաստանի Կենտրոնական Բանկ) is the central bank of Armenia with its headquarters in Yerevan. The CBA is an independent institution responsible for issuing all banknotes and coins in the country, overseeing and regulating the banking sector and keeping the government's currency reserves. The CBA is also the sole owner of the Armenian Mint.
The Bank is engaged in policies to promote financial inclusion and is a member of the Alliance for Financial Inclusion.[1]
The current chair of the CBA is Arthur Javadyan.
Cooperation with international financial organizations
There is integration of the Republic of Armenia and its Central Bank in the world community. The CBA maintains mutual cooperation with:
- International Monetary Fund (IMF)
- World Bank
- European Bank for Reconstruction and Development
- Asian Development Bank
The international cooperation has allowed the CBA to begin realization of the received credits on transformation system, maintenance of balance of payments, financing of private business, institutional and rehabilitation loans, and other similar programs.
The positive results of work with the international financial organizations opens new prospects for the realization of joint projects together with various economic institutes and large banks of the world.
See also
References
- ^ "AFI members". AFI Global. 2011-10-10. http://www.afi-global.org/about-afi/members. Retrieved 2012-02-23.
External links
- (Armenian) (English) Central Bank of Armenia
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