The long-term effectiveness of financial education classroom, workshops in rural areas, the case of Armenia
2020-08-21 13:53
The long-term effectiveness of financial education classroom Workshops in rural areas The case of Armenia
Executive summary
The Financial Education in Rural Areas (FERA) project, launched by the Central Bank of Armenia (CBA) in December 2016 under the National Strategy for Financial Education (NSFE),1 aims to improve financial literacy in rural Armenia by promoting healthy financial behavior and responsible decision making.
To understand the effectiveness of classroom-based...
Key facts statements for credit: Do they work? The experience of Armenia
2020-08-21 13:42
Key facts statements for credit: Do they work? The experience of Armenia
Abstract
Rapidly developing digital credit products and aggressive credit sales have impelled financial authorities to help financial consumers make more informed and effective credit decisions. One of the tools many countries are using is Key Facts Statements (KFSs), which aim to improve financial decisions in the pre-contract stage of the credit process and to promote healthy competition among financial...
The financial competency matrix for adults
2020-08-21 13:33
The financial competency matrix for adults
A policy framework
Overview
This publication defines the core competencies every adult needs to make informed financial decisions. The Financial Competency Matrix for Adults provides a framework to support effective policymaking, monitoring and assessment. Applying the same definition of financial capability used by international organizations and academia, the competencies in the matrix are grouped into four key components (knowledge, skills,...
Lists established under UNSC resolutions were amended
2020-08-20 07:59
On August 19, 2020 the Committee established pursuant to the UN Security Council resolution 1533 approved amendments to the list of individuals and entities associated with the Democratic Republic of...
INFORMATION On the Structure of International Reserves of the Republic of Armenia 2020 year, II quarter
2020-08-14 10:31
INFORMATION On the Structure of International Reserves of the Republic of Armenia 2020 year, II...
List established under UNSC resolution was amended
2020-08-07 08:02
On 05 August 2020, the Committee established pursuant to the UN Security Council resolution 2127 approved amendments to the list of individuals and entities associated with Central African...
Statistical overview (July. 2020)
2020-07-30 15:19
Statistical overview
The Statistical Overview section of the monthly CBA Bulletin of the Central Bank of Armenia includes data on monetary, external, fiscal and real sectors, and data on RA payment and settlement system and financial system indicators.
The data source of real sector (excluding core inflation) and external trade in goods is the Statistical Committee of the Republic of Armenia (http://www.armstat.am). The data source on fiscal, external sectors, monetary and financial...
List established under UNSC resolution was amended
2020-07-30 08:04
On 28 Julty 2020, the Committee established pursuant to the UN Security Council resolution 2127 approved amendments to the list of individuals and entities associated with Central African...
Online trainings were delivered for the representatives of internal monitoring units of non-bank financial institutions operating in RA with participation of the representatives of the Financial Supervision Department of the Central Bank of Armenia
2020-07-29 08:07
During the period from June 19 to July 27 the Financial Monitoring Center of the Central Bank of Armenia organized webinars for the representatives of internal monitoring units of investment companies, managers of investment funds, corporate investment funds, the Central Depository, credit organizations, insurance organizations, money value transfer services and pawnshops operating in RA with participation of the representatives of the Financial Supervision Department of the Central Bank of...
Refinancing rate left unchanged – 4.50 percent
2020-07-28 06:19
Refinancing rate left unchanged – 4.50%
At the July 28 meeting, the CBA Board decided to keep the refinancing rate unchanged at 4.5%. In June 2020 inflation stood at -1.4%, compared to -1.9% in the same month of the previous year.
As a result, the 12-month inflation increased to 1.7%. At the same time, the 12-month core inflation remained at 0.8%, which is the level seen in the previous month.
In the external sector, the global economy and the external demand significantly contracted...
Lists established under UNSC resolutions were amended
2020-07-21 08:08
On 16 July 2020, the Committee established pursuant to the UN Security Council resolutions 1267/1989/2253 approved amendments to the list of individuals and entities associated with ISIL (Da’esh) and...
New FATF public statement issued
2020-07-08 08:10
On June 30, 2020 the FATF issued a Public Statement on jurisdictions with strategic deficiencies in their anti-money laundering and combating the financing of terrorism regime.
The statement is available...
Statistical overview (June. 2020)
2020-06-30 15:02
Statistical overview
The Statistical Overview section of the monthly CBA Bulletin of the Central Bank of Armenia includes data on monetary, external, fiscal and real sectors, and data on RA payment and settlement system and financial system indicators.
The data source of real sector (excluding core inflation) and external trade in goods is the Statistical Committee of the Republic of Armenia (http://www.armstat.am). The data source on fiscal, external sectors, monetary and financial...
Statement of financial position as at 30 June 2020
2020-06-30 10:54
Statement of financial position as at 30 June...
Governor Martin Galstyan’s Opening Speech for 2020 Armenian Economic Association Annual Meetings
2020-06-26 14:45
COVID-19 and its Economic Implications
Good morning. Let me first start with thanking the organizers for inviting me to this wonderful event. The program of the Armenian Economic Association annual meetings is impressive, and I congratulate all the organizers for putting together this conference despite all the difficulties at this time.
The topic of my talk today is, not surprisingly, the Covid-19 and its economic implications. I will start with laying out the global context with particular...