Armenian central bank chairman quits office but to continue working at financial and banking system

YEREVAN, June 11. /ARKA/. Arthur Javadyan, the present chairman of the Central Bank of Armenia, is leaving his post, but will remain in the financial and banking system of the country, Prime Minister Nikol Pashinyan said at a government meeting on Thursday.

On June 15, Javadyan’s term in office as the head of the Central Bank expires; at this post he will be replaced by Martin Galstyan, a member of the central bank’s board, who was elected the new chairman of the Central Bank on April 17.

The prime minister thanked Javadyan for his work in office, outlining his contribution to the establishment of the country’s banking system.

“The years of your leadership were quite turbulent for the central bank, which proved to be an active organization, ensuring the stability of the financial system and prices in Armenia. You will continue to remain in our common business, and about that we will make a decision very soon,” the premier said, adding that as chairman of the central bank, Javadyan is present at the government meeting for the last time.

Pashinyan also introduced to the government members the newly appointed Police Chief Vahe Ghazaryan, Director of the National Security Service Argishti Karamyan and Chairman of the State Revenue Committee Edward Hovhannisyan. – 0–

spot_img

POPULAR

Central Bank of Armenia and National Bank of Georgia Sign Memorandum of Understanding on Financial Cooperation

The Central Bank of Armenia and the National Bank of Georgia have signed a memorandum of understanding regarding financial cooperation.

Central Bank rate hike will not have a significant impact on market sentiment and investment activity in Armenia – Freedom Broker Armenia CEO

Freedom Broker Armenia Director Hovak Hovakimyan does not expect the Central Bank rate hike to have a significant impact on market sentiment and investment activity in the local market.

IDBank and the “Dekavva Fund” Stand with People from Artsakh

As part of the “Side by Side” initiative, IDBank has launched a new partnership, this time supporting families forcibly displaced from Artsakh who are currently living in the Sevan community.

Armenia’s sovereign rating increase should lower interest rates, but external factors are putting inflationary pressure on the country: Pashinyan

During government hour in parliament on Wednesday, Armenian Prime Minister Nikol Pashinyan raised the possibility of raising interest rates on loans.

Euro and dollar exchange rates against the Armenian dram fell, while the ruble rose: Central Bank of Armenia

The average market exchange rate for the US dollar against the Armenian dram, determined on the Armenian foreign exchange market, fell by 0.06 points on September 18, 2026, compared to September 17, to 363.44 drams.

LATEST NEWS

spot_imgspot_imgspot_img