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Annual Report 2019

The Central Bank publishes financial stability reports on a semi- annual basis; these reports contain the results of financial stability reviews. The financial stability reports are designed to describe risks that may potentially threaten the country's financial stability in the short- term, in the context of both past and expected developments in real and financial sectors. In general, the report provides the Central Bank's assessment of financial stability for a certain period of time, existing risks and measures to prevent or neutralize them. The report is presented at a press conference, then a regular semi-annual periodical and relevant press release are to be posted on the Central Bank website. Publishing of the report helps to increase the awareness of financial institutions, companies, economic agents, households and general public and it adds to the transparency of the Central Bank's activity while enhancing the public trust towards the Central Bank. The Bank provides its "Annual Report of the Central Bank" for public disclosure. The annual report incorporates the Bank's annual financial accounts, and an internationally recognized audit firm is appointed to verify every year their compliance to international standards. "The Commemorative Coins of the Republic of Armenia", an annual journal, contains information on the commemorative coins of the Republic of Armenia issued in the given year, the results of the contests with participation of commemorative coins of the Republic of Armenia, other materials related to these coins. "The Central Bank Bulletin" is a monthly of normative and individual decisions of the Board of the Central Bank, the decisions of Governor of the Central Bank, other legal acts, as well as the statistical survey. The annual report of the Financial Monitoring Center presents activities in the field of combating ML/TF. The abovementioned documents aim to disseminate, most comprehensively and clearly, information on the implementation of the main goals of the Central Bank, thus raising the level of public confidence in the Bank. ANNUAL REPORT 2019 75 COOPERATION WITH I NTERNATIONAL ORGANIZATIONS INSTITUTIONAL DEVELOPMENT OTHER OBJECTIVES OF THE BANK MAIN CENTRAL BANK OF OBJECTIVES THE REPUBLIC OF ARMENIA
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