YEREVAN, April 6. /ARКА/. At its meeting on Monday, Armenia’s Parliamentary Committee on Financial, Credit, and Budgetary Affairs approved Martin Galstyan’s candidacy for the position of Central Bank Governor, nominated by the ruling Civil Contract faction.
Galstyan has served as Chairman of the Central Bank of Armenia since April 2020.
A discussion of Galstyan’s candidacy is scheduled for May 5 at a National Assembly session.
In his speech, the Central Bank Governor stated that, unfortunately, Armenia faces another very difficult period.
“We must take all possible measures to protect the country’s economy from the upcoming attacks. Macroeconomic stability has no alternative. This is one of the fundamental prerequisites for the development of our society. Our efforts in previous years have been primarily aimed at ensuring macroeconomic stability in the country,” Galstyan noted.
He spoke about the Central Bank’s strategically important steps, which have enabled it to overcome periodic crises. Galstyan presented the Central Bank’s interventions in the foreign exchange market during various periods of crisis and its stabilization measures using Central Bank reserves.
Galstyan was born on May 4, 1978. From 1994 to 1999, he studied at the Faculty of Economics at Yerevan State University, then completed his postgraduate studies, receiving a PhD in economics in 2003. Galstyan then studied at the John F. Kennedy School of Government at Harvard University, earning a Master of Arts in Public Administration.
He joined the Central Bank in 1998, where he headed the International Reserve Management Division of the Financial Operations Department and later headed the Statistics Department. In 2015, he was appointed Head of the Dilijan Research Center, and since 2018, he has been a member of the Central Bank’s Board.
Galstyan is an international consultant at the World Bank and a lecturer. He teaches at the American University of Armenia. In 2015, he was recognized as the best teacher at AUA. He is involved in community activities and is the author of several professional publications. He is married and has three children.
