Newly elected head of the CBA: We will direct all efforts to ensure  macroeconomic stability

ArmInfo. RA Prime Minister Nikol Pashinyan introduced the newly elected chairman Martin Galstyan to the staff of the Central Bank of Armenia.

Thanking Artur Javadyan for his work and contribution, the Prime  Minister wished success to Martin Galstyan in the new responsible  post. In particular, he shared his impressions over 2 years of close  work with the Central Bank: <A fairly good team has been formed that  works on the stability of the banking system, which is one of the  most important achievements, despite all the condemnations>.

As the most important challenge for the Central Bank at the moment,  the head of the Cabinet defined the increase in financial literacy of  citizens. <The main task of the Central Bank is to make the context  of relations with customers more constructive, based on dialogue,  which is one of prerequisites for sustainable development>, said  Pashinyan.

In addition, the Prime Minister said that there was an agreement with  Artur Javadyan to continue cooperation. In particular, as he further  noted, Javadyan will be involved in the process of developing  economic policy, analyzing economic issues and involving  international experts in certain economic processes. "There are  already certain projects the implementation of which will be a great  success for the development of the country's economic thought," he  said.

Pashinyan expressed hope that with the assumption of the post of the  head of the Central Bank by Martin Galstyan, will open a new page for  the financial system of the Republic of Armenia, which will be based  on the best practices of previous years and bring new experience, new  successes, increasing public confidence in the financial and banking  systems.

In turn, Artur Javadyan thanked the prime minister for such a high  assessment, stressing that the formed team in the Central Bank is  able to ensure financial stability and price stability, and in the  conditions of the crisis caused by coronavirus, it will be able to  create a stable macroeconomic environment. Addressing Martin  Galstyan, he noted: <The post of the chairman of the Central Bank is  one of the most important in the country. Having sufficient  experience and knowledge, and being part of the team, I am sure you  will be able to successfully solve all the problems that face the  financial system of Armenia>.

The newly elected Chairman of the Central Bank of the Republic of  Armenia assured that the work will be continuous in terms of  overcoming the challenges and solving the problems posed to the  banking system by the public. At the same time, Galstyan emphasized  that the Central Bank will deepen cooperation with the RA government  for the benefit of the public and the nation. "And the most important  thing I would like to say is that we will make every effort to ensure  macro stability in Armenia, which will allow the government to  implement all the planned programs," he concluded.

To recall, the "My Step" faction proposed Martin Galstyan as the new  head of the Central Bank of Armenia.  REFERENCE: Martin Artashesovich  Galstyan was born in 1978. He graduated from the Faculty of Economics  of YSU, graduate school, Ph.D. In the late 2000s, he studied at the  School of Management.  John F. Kennedy of Harvard University,  receiving a master's degree in government. He completed several  retraining and advanced training courses in the areas of financial  market analysis, financial planning and strategy, monetary policy  theory, economic theory and practice.

M. Galstyan has experience teaching at the Business School of the  American University of Armenia on the subject of industry and  competitive analysis. He teaches at AUA the subject <Competitiveness  and Clusters>. At the same university, he lectures on the licensed  program of Harvard Business School. In 2015, M. Galstyan was  recognized as the best teacher of the American University of Armenia.  The start of work in the Central Bank of the Republic of Armenia  dates back to 1998. Before being appointed a member of the Council of  the Central Bank of the Republic of Armenia in September 2018, M.  Galstyan was the head of the statistical department, and since  February 2015 he was the head of the Central Bank's Training and  Research Center in Dilijan. M. Galstyan is an international  consultant / lecturer of the World Bank.  Engaged in public  activities, participated in more than 50 international specialized  events, is the author of a number of professional publications.  Married, has three children.