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Chairman of the Central Bank of Armenia (CBA) Martin Galstyan named the new strategy as one of the key achievements of the bank in 2021.

Speaking at a reception on Tuesday, he said it outlines the bank’s mission, vision and values, as well as the main directions of its development and policy.

“Especially, I would like to emphasize the agenda of financial sector digitalization, which is a cornerstone of our strategy. Having a digital society, digital ecosystem and digital accessibility in the 21st century is a must, and I think, digitalization is precisely the way to enable our citizens benefit from more accessible and convenient financial services,” Galstyan noted.

He believes the joint agenda of the government and the Central Bank to form a digital economy and society under the leadership of the government will be the keystone of the digital transformation of finances.

“I want to assure that the Central Bank and the financial system are fully committed to their high mandate,” the CBA chief said.

“We can conclude that the Central Bank has now entered a new stage of transformation, which is gradually beginning to reveal itself in various spheres of our activity. Along the way, we appreciate the support of our society, the National Assembly and the government. We are confident that in a few years we will have a more capable, leading institution based on research and innovation excellence, which will continue to lead the development of our economy under its mission of ensuring prices and financial stability,” Galstyan noted.