Annual Report 2019
10
CENTRAL BANK OF ARMENIA
STAGES
OF THE CENTRAL BANK'S
DEVELOPMENT
1993
Introduction of the national currency
1994
Formulation of the monetary policy
1996
Adoption of core legislation on the Central
Bank and banking
1996-2001
2002-2004
2005
2006
2007
2007- to date
Development of a non-bank sector
2012- to date
Institutional reforms and infrastructure
developments
2018- to date
Constitutional Reforms:
Financial stability as a second main
objective
Creation and implementation of the national
payment and settlement system
Development of a regulatory framework
for financial market participants and
setting-up of infrastructures
The Central Bank as a megaregulator and
an institution responsible for financial
stability
Inflation targeting
Protection of consumer rights and
awareness of financial services
ANNUAL REPORT 2019
2019View entire presentation