Wed, 3 September
29.1 C
Yerevan
USD: 384.03 RUB: 4.80 EUR: 443.29 GEL: 142.29 GBP: 510.11

First chairman of Armenian central bank Isahak Isahakyan dies at 84

YEREVAN, February 16. /ARKA/. The first chairman of the Central Bank of Armenia Isahak Isahakyan died at the age of 84, the Central Bank reported today.

“He was one of those unique people who began their careers at the State Bank of the USSR, and when Armenia became independent they used their professionalism and human qualities to help shape this institution,” the Central Bank said.

After graduating from the Faculty of Economics of the Tashkent Financial Institute in 1957 Isahakyan began his career as a loan officer at the Armenian office of the State Bank of the USSR. He held then various positions, including the position of manager-chairman of the State Bank of the Armenian Soviet Socialist Republic.

He was appointed chairman of the Central Bank after Armenia gained independence in 1991. Isahakyan was one of the three co-chairs of the State Commission on Regulation of Money Circulation, established by the Supreme Council of Armenia in 1993.

“His particular approach to people and their problems demonstrated his unique experience and humanism. He was and will remain as a vivid example of a person with high level of professionalism and integrity,” the Central Bank said.

Isaac Isahakyan was awarded the Anania Shirakatsi medal, a commemorative medal of the Prime Minister as well as Central Bank medals.

The requiem for Isahak Isahakyan will be held on February 17 at 18:00 at the funeral home at Nubarashen 46, and the funeral will be on February 18, at 13.00 from the same place. -0-

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Acba Bank and NABU partner to clean  2 km stretch of Lake Sevan of plastic (VIDEO)

As part of the Clean Future for Lake Sevan initiative, Acba Bank in partnership with the  German Nature And Biodiversity Conservation Union (NABU), is assisting in the cleanup of Armenia's largest water body from plastic and other debris, according to the bank's press service.

Ranking of most profitable banks in Armenia based on results of first quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the first quarter of 2025.

Armenia’s total public debt exceeds $13.8 billion

As of June 30, 2025, Armenia's total public debt amounted to $13,852,137 million, which is an increase of $116,520 million compared to May 31, 2025.

Ranking of Armenia’s most profitable banks in 2024

ARKA news agency has released a ranking of the most profitable commercial banks in Armenia in 2024.

LATEST NEWS

spot_imgspot_imgspot_img