Central Bank of Armenia
|Established||27 April 1993|
|Central bank of||Armenia|
AMD (ISO 4217)
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.
On July 03, 2012 the Central Bank of the Republic of Armenia announced it would be making specific commitments to financial inclusion under the Maya Declaration.
On September 28, 2012 at the Global Policy Forum 2012, the bank made an additional commitment under the Maya Declaration to encourage the roll out of private sector products that respond to the needs of the poor, with an emphasis on innovative channels like mobile and electronic money. And to also implement a swift, effective, and free complaint-handling system via the financial mediator office, and improve the regulatory framework so that consumers have the information, protection, and ability to access all services.
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.
- "AFI members". AFI Global. 2011-10-10. Retrieved 2012-02-23.
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