Annual Report 2019
CONTENT
CENTRAL BANK OF ARMENIA
GOVERNOR ADDRESS
7
03
OTHER OBJECTIVES
OF THE BANK
01
CENTRAL BANK OF
THE REPUBLIC OF
ARMENIA
15
About the Central Bank
16
Executive summary
on strategic directions
of the Central Bank
18
02
MAIN
OBJECTIVES
26
Maintaining price
stability
27
Maintaining financial
stability
34
38
Regulation and supervision
of financial system
39
Securities market
regulation
41
Payment and settlement
system regulation
41
Developing training and
research capacities
45
Consumer protection in
the financial system
and financial education
54
Currency issuance and
organizing money
circulation
ANNUAL REPORT
58
International reserves
management
61
Organizing and regulating
a framework to combat
money laundering and
terrorism financing
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