The CBA is an independent institution responsible for issuing all banknotes and coins in the country, overseeing and regulating the banking sector and keeping the government's currency reserves.

On September 28, 2012, at the Global Policy Forum 2012, the bank made an additional commitment under the Maya Declaration to encourage the roll-out of private sector products that respond to the needs of the poor, with an emphasis on innovative channels like mobile and electronic money.

And to also implement a swift, effective, and free complaint-handling system via the financial mediator office, and improve the regulatory framework so that consumers have the information, protection, and ability to access all services.

The Central Bank also uses internationally known stress-testing models to assess the vulnerability of financial system in time of probable risks materialising.

On the other hand, the purpose of providing information on risk origins and vulnerability of financial stability is to help people for taking decisions in various situations.

The relevant works for the organization of the timetable indicated events have begun; most particularly the “Non-Life Underwriting Risk Assessment Manual” has been developed and is currently on a pilot stage.

The coordination involves both opting for basic macroeconomic indicators and issues relating to short-term adjustment of liquidity by the CBA, disbursement of external financial inflows and issuance and allocation of T-bills by the Government.

The monetary and fiscal policies are coordinated in the process of preparation, adjustment and implementation of medium-term, monthly, quarterly and annual programs.

The authorized representatives of the CBA and Ministry of Finance participate in proceedings of standing committees that oversee the pace of policy implementation.

To this end, an appropriate exchange rate regime has been adopted, principles of the foreign currency operations framework have been developed and a scope of legislative background has been set.

The Central Bank publishes the Armenian Dram's market based average exchange rates vis-à-vis foreign currency.

Owing to international trade silver coins of Alexander the Great (336–323 BC) appeared in Armenian market from Asia Minor and Mesopotamia.

Armenian coins of that period normally depicted portrait of the monarch on the obverse and mythological symbols as well as name and title of the king on the reverse, in Greek inscriptions.

Early in the 13th century, coins of Georgian kings, which were minted of copper in the main and silver in small number, penetrated into the circulation in the northern and eastern parts of Armenia.

In the aftermath of the October Revolution in 1917 Armenia, Georgia and Azerbaijan left the Russian Empire soon to create the Transcaucasian Commissariat, an independent constituency.

On December 13, 1922, the FUTSSR was re-organized into the Transcaucasian Soviet Socialist Federative Republic and began issuing banknotes in nominal value 25, 50, 75, 100, 250 million and 1 and 10 billion rubles.

A monetary reform was passed in 1947 with a key objective to promote to a quick recovery of the war-suffered economy, withdrawal of counterfeit money from circulation and replacement of the old samples with new ones.

On June 4, 2001, the commemorative banknote in nominal value 50000 drams dedicated to the 1700th anniversary of adoption of Christianity in Armenia was put into circulation.

In 1918–1919 the monetary system of the country was completely ruined, the state Treasury was unable to cover current expenses and make much-needed allocations.

In order to retrench public expenditures and increase revenue the Government decided to raise the taxes, cut down subsidies, downsize the number of state servants, and create new jobs.

Naturally, such flood of money reflected to a great extent the commercial and industrial situation of the country and the high cost of living.

In 1929, in response to architect and academic Alexander Tamanyan's proposal, a land parcel was provided for a new building of the Armenia branch of the State Bank.

And since CBA's main and primary objective is to ensure price stability and considering the expectations that inflationary risks will persist in the external world, the annual inflation target band for 2008-2010 has been set at 4% (+1.5%).

While working on the first series of banknotes, the Central Bank of the Republic of Armenia actually started a tradition of representing on them the most important aspects of the Armenian cultural and historical heritage.

The banknotes which replaced the first series began portraying the most famous personalities who have left an invaluable imprint on the culture and historical heritage of Armenia.

In pursuit of learning from the experience of countries such as the United States, Austria, Canada, etc., starting 2011 the Central Bank of Armenia has been issuing silver bullion coins of the series "Noah's Ark".

The diversity of animal and plant life is reflected in the issues that deal with rare and unique species of fauna and flora of Armenia.

In cases prescribed by the law the National Assembly may by a majority of its votes and upon the recommendation of the President of the Republic remove the Chairman of the Central bank from office.

The key objective of the Central Bank is ensuring price stability, which is achieved by developing, approving and conducting monetary policy programs.

The positive results of work with the international financial organizations opens new prospects for the realization of joint projects together with various economic institutes and large banks of the world.