ArmInfo. In connection with the spread of the COVID-19 virus throughout the world, the uncertainty of economic activity and its prospects has intensified, which has increased the challenges for ensuring macroeconomic stability.
In this situation, the Central Bank of Armenia, as a regulatory and supervisory body, is guided by the main goal - to ensure financial stability and uninterrupted operation of the financial system, while balancing its actions in the context of maintaining economic activity. This is stated in the official statement of the CBA.
The Central Bank of the Republic of Armenia owns a wide range of instruments to maintain financial stability (to ensure liquidity, macroprudential, economic standards), which, if necessary, are used to absorb or mitigate possible adverse effects on the financial system.
At different stages of the further development of the situation, the Central Bank is also considering the application of approaches balancing the interests of all parties.
In connection with the situation due to the coronavirus pandemic, the Central Bank calls on financial institutions and their clients to communicate via remote channels, and also recommends that citizens prefer electronic banking services (payment terminals, online services) when making financial transactions.
