Կենտրոնական բանկ

Core functions

• Monetary policy
  • What is Monetary Policy
    • How Does Monetary Policy Affect Inflation
    • Monetary Policy Tools and Instruments
    • Pillars of Effective Monetary Policy
    • History and Evolution of Monetary Policy in Armenia
  • What is Price Stability
    • The Importance of Price Stability
    • Our Price Stability Objective
    • What is Inflation
    • Flexible Inflation Targeting Framework
  • How Do We Make Monetary Policy Decisions
    • Decision-Making Process
    • Framework and Institutional Setup
    • Analytical Toolkit
  • How Do We Communicate Our Decisions
    • Communication Framework
    • Monetary Policy Transparency
    • Monetary Policy Accountability
• Financial Stability
  • Sustainable Finance
    • Climate Change and Financial Risks
    • National Sustainable Finance Roadmap
    • Research and Analytical Work
    • Regulation and Supervision
    • Sustainability Report
    • Climate Risk Map of Armenia
  • The Importance of Financial Stability
    • The Role of the Financial System in the Economy
    • The Importance of a Stable Financial System
    • Risks to Financial Stability
    • The Central Bank’s Role in Financial Stability
  • Understanding Macro-Prudential Policy and Its Operation
    • The Concept of Macro-Prudential Policy
    • Objectives and toolkit of Macro-prudential policy
  • Strategies for Achieving Financial Stability
    • Conducting Financial Stability Policy in Armenia
    • The macro-prudential policy tools applied in the Armenia
    • Stress Testing
  • The Process of Communicating Decisions
    • Financial Stability Report
    • Ensuring Transparency in Financial Stability Policy
    • CBA Board decisions on financial stability
    • Data & Charts Pack
• Payment and settlement system
  • Main payment service providers of Armenia
  • Specific payment and settlement systems operating in Armenia
  • Main payment instruments/methods and common channels used in Armenia
  • Operation of payment and settlement systems and provision of payment services by CBA
    • What payment and settlement systems do we operate
    • What type of payment services do we offer and to whom
  • Regulation
    • Why do we regulate
    • What do we regulate
    • How do we regulate
  • Oversight
    • Why do we oversee
    • What do We Oversee
    • How do We Oversee
  • Development
• Money circulation
  • Replacement of Armenia notes and coins
  • Coins of the Republic of Armenia
  • Banknotes
    • Banknotes in circulation
    • Banknotes withdrawn from circulation
  • Collector Banknotes
  • Investment coins
  • History of money circulation
    • From the first mentions up to the creation of Transcaucasian Commissariat in 1917
    • Money circulation in 1918 – 1924
    • Money circulation in Soviet era
    • Money circulation in the Republic of Armenia
  • Collector Coins
  • Regulatory Documents
  • Sales Salon "Numismatist"
• Combating Money Laundering and Terrorism Financing
  • Financial Monitoring Center
    • About FMC
    • Strategy
  • Reporting Entities
    • Financial Institutions
    • Non-Financial Entities
    • Other Reporting Entities
  • International Cooperation
    • Brief
    • Evaluation Reports
    • Memoranda of Understanding
  • Legislation
    • International Instruments
    • Laws
    • Secondary Legislation
  • E-learning system
  • Interagency committee
  • Publications
    • Annual Reports
    • Strategic analyses
    • Other analytical materials
    • Typologies
    • Other Guidance
    • Applicable Lists
    • References
  • FMC News
  • FAQ
• Consumer rights protection
  • Regulation and supervision
  • Protecting from scams
  • Financial education
  • Redress and Complaints
• Regulation and Supervision
  • Our Approach to Supervision and Regulation
    • Our Approach
    • Communications
    • Our approach to enforcement
  • Financial Օrganizations
    • Banks
    • Insurance companies
    • Microfinance organizations
    • Payment institutions
    • Investment Services Providers
    • Funds and Fund Managers
    • Infrastructure
    • Registration of Managers
    • Crypto-asset service providers
  • Securities Market
  • Licensed Financial Organizations
    • Banks
    • Foreign Bank Representation
    • Credit Organizations
    • Credit Bureau
    • Insurance Companies
    • Insurance bureau
    • Insurance brokers
    • Pawnshops
    • Payment Organizations
    • Investment companies
    • Investment and pension fund managers
    • Investment funds
  • Financial Organizations in the process of liquidation
    • Banks
    • Credit organizations
    • Investment fund manager

About us

• Our governance
  • Board
  • The Executive Committee
• Strategy
  • Strategic priorities
    • Financial System
    • Macroeconomic Policy
    • CBA Capacities
    • Communication
  • Ongoing Projects
    • “Execution Excellence” Program
    • “Payment Initiative” Program
    • “e-Society and e-Economy” Program
    • “FPAS MARK II” Project
    • “Risk-based supervision” Project
    • “Dilijan” Program
  • Annual Report
• Our partners
  • Society
  • Financial Sector
  • National Assembly
  • Government
  • International partners
• Our history
  • Evolution of the Armenian Dram
  • Development of Financial System
  • History of Monetary Policy
  • CBA Governors

Statistics