Regulatory Alerts2025-08-21 | 8836Central Bank of the Republic of Armenia 2026 Operating Expenses Estimate and Capital Investment Program
The Central Bank of the Republic of Armenia approved its 2026 budget, allocating AMD 12.06 billion for operating expenses and AMD 8.11 billion for capital investments. The operating budget reflects a 6% increase driven by an 8% rise in payroll and a 4.8% expansion in staff to support new regulatory functions, while most other expense categories saw reductions. Capital investments prioritize the modernization of the Electronic Payment and Settlement System, server room renovations, and the automation of compliance risk monitoring processes.
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