Regulatory Alerts2025-11-18 | 9246Investment Policy Statement for the Management of International Reserves of the Republic of Armenia
The Board of the Central Bank of the Republic of Armenia issued Decision No. 207L to approve the Investment Policy Statement governing the management of the country's international reserves. This framework establishes a three-tier governance structure comprising strategic, intermediate, and operational decision-making levels to ensure clear accountability and functional oversight. The policy mandates that reserves be managed primarily for safety and liquidity through a tranching approach into operational, policy, and investment portfolios, while strictly adhering to defined risk tolerance limits and eligible asset criteria.
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