2025-11-18 | 9163

Resolution Approving the Report on the Implementation of the Monetary Policy Program

The Board of the Central Bank of the Republic of Armenia issued Resolution No. 196 A to formally approve the Report on the Implementation of the Monetary Policy Program for the period from the fourth quarter of 2024 to the third quarter of 2025. This resolution was adopted based on specific articles of the Law On the Central Bank of the Republic of Armenia and the Law On Normative Legal Acts. The External and Public Relations Department is mandated to publish the approved document on the Central Bank's website in accordance with legal requirements.

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ON APPROVING THE REPORT ON THE IMPLEMENTATION OF THE MONETARY POLICY PROGRAM

2025-11-18

B O A R D  O F  T H E  C E N T R A L  B A N K

O F  T H E  R E P U B L I C  O F  A R M E N I A

R E S O L U T I O N

18 November 2025 , No. 1 96 A

ON APPROVING THE REPORT ON THE IMPLEMENTATION OF THE MONETARY POLICY PROGRAM

Based on Part 3 of Article 2, Part 3 of Article 17, and Point "e" of Part 1 of Article 20 of the Law “On the Central Bank of the Republic of Armenia”, guided by the provisions of the Law “On Normative Legal Acts”, the Board of the Central Bank of the Republic of Armenia hereby:

R E S O L V E S:

To approve the “Report on the Implementation of the Monetary Policy Program (4th Quarter of 2024 – 3rd Quarter of 2025)” in accordance with the Annex to this Resolution .

To the External and Public Relations Department of the Central Bank of the Republic of Armenia: to ensure the publication of the approved document on the website of the Central Bank of the Republic of Armenia in the manner prescribed by the Law “On the Central Bank of the Republic of Armenia”.

This Resolution shall enter into force in the manner prescribed by law.

Governor of the

Central Bank

of the Republic of Armenia

Martin Galstyan

Yerevan

.