253:(AMD), constructing an entirely new banking system in the new market economy. Before him a parliamentary commission introduced the Armenian dram. Bagrat Asatryan is the author of the first Monetary Policy implemented by the CBA in 1995, he is also the initiator of several significant legislative pieces about the banking system in Armenia, including laws on "The Central Bank", "Banks and Banking", "Bank Bankruptcy", "Bank Secrecy", which were designed to regulate the relationships in the banking system and were adopted by the National Assembly in June 1996. In 1998 Dr. Asatryan and several of his key allies resigned after a political crisis, which was a result of the
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He is the author of more than 20 scholarly publications in
Armenian, Russian and English. In 2005 as a head of a team of young professionals he published his more than 700 pages long book “Banking”, which serves as a textbook in
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After leaving the government
Asatryan took several professional posts: serving as the President of the (1998–1999) and the Executive Director of (1999–2003). Since 1999 Dr. Asatryan is a full professor at
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and is the only publication about
Armenia’s banking system, its principles, history, evolution, transition to market economy etc. Bagrat Asatryan is married and has two sons.
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by the
National Assembly. Some of CB’s main operations of this period were putting into circulation and stabilizing the newly implemented Armenian monetary value
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Asatryan was an activist of the revolutionary movement in
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and disagreement over its solution among high government officials.
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from 1994 to 1998. He is one of the architects of the modern-day
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in economics from the
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