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

Special conditions for business development: ACBA Bank

ACBA Bank has unveiled special business financing offers for the development of small and medium-sized enterprises in Armenia, which are effective until July 31 inclusive.

Average exchange rate of the Armenian dram to the US dollar in May was 4.7% lower than a year ago

In May 2026, the average exchange rate of the Armenian dram to the US dollar was 368.5 drams, compared to 386.6 drams in May 2025, according to data from the Statistical Committee of Armenia.

EBRD to provide $20 million to support refugees and young entrepreneurs in Armenia

The EBRD will provide $20 million (€17.1 million) to improve access to finance for refugees and young entrepreneurs in Armenia, the EU Delegation to Armenia announced on Facebook.

IMF enables Armenia’s  access to about US$25.1 million under new SBA

The Executive Board of the International Monetary Fund (IMF) said it has completed the first review under the Stand-By Arrangement (SBA) with Armenia.

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

The average market exchange rate for the US dollar against the Armenian dram, formed on the Armenian foreign exchange market as of June 9, 2026, fell by 0.08 points compared to June 8, to 368.45 drams.

LATEST NEWS

spot_imgspot_imgspot_img