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Central Banks of Uzbekistan and Armenia Begin Technical Exchange on Monetary Policy Frameworks

Update date: 16 Dec 2025, 17:05
25 Nov 2025
The Central Bank of Uzbekistan, led by Deputy Chairman Nodirbek Achilov, welcomed a delegation from the Central Bank of Armenia headed by Hayk Avetisyan and Vazgen Poghosyan for an intensive four-day experience-exchange program in the field of monetary policy.

The opening sessions set a strong foundation. Our Armenian colleagues shared how their institution approaches monetary policy in an environment shaped by uncertainty and rapid global changes. The discussions were followed by an open Q&A and a scenario-building workshop, allowing experts from both central banks to compare analytical frameworks and reflect on the challenges that central banks face today in monetary policy area.

The program continues throughout the week, covering a broad range of topics, including:
• forecasting and projection systems (FPAS, nowcasting tools, DSGE approaches)
• scenario-based policy analysis
• cross-country exchange on communication practices and decision-making frameworks
• in-depth discussions on FX policy and its role in macroeconomic stability
• joint analytical sessions and expert presentations from both sides

Each module is designed not only to share technical expertise but to strengthen long-term collaboration, institutional learning, and professional networks between our central banks.

This ongoing cooperation reflects our shared commitment to building resilient, transparent, and forward-looking monetary policy frameworks.
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