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Armenian central bank has new task

15.11.2017 17:15

Armenian central bank has new task

YEREVAN, November 15. /ARKA/. The Armenian parliament adopted today in the first reading a set of amendments and additions to the Law on the Central Bank. Central Bank chairman Artur Javadyan said the amendments are conditioned by the need to bring the law in line with the constitutional reforms, enforced earlier in the country.

He noted that today the main task of the Central Bank is to ensure the stability of prices, for which it develops, approves and implements monetary policy programs.

"The amendments introduce a new task of the Central Bank - ensuring financial stability, while the monetary policy will be determined not for 12 months, but for three years, making it more predictable," Javadyan said.

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