Background
Bagrat Asatryan was born in the Armenian Soviet Socialist Republic.
Bagrat Asatryan was born in the Armenian Soviet Socialist Republic.
In 1977 he graduated from Yerevan State University as an Economist. B. Asatryan worked as a scientific-research assistant and in 1985 received his Doctor of Philosophy in economics from the Institute of Economics at the Academy of Sciences of Armenia.
He is one of the architects of the modern-day Republic of Armenia. Asatryan was an activist of the revolutionary movement in Armenia in the late 1980s. In 1994 Asatryan was elected the chairman of the Central Bank of Armenia by the National Assembly.
Some of Central Bank’s main operations of this period were putting into circulation and stabilizing the newly implemented Armenian monetary value Dram (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 College of Business Administration 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 Doctor Asatryan and several of his key allies resigned after a political crisis, which was a result of the Nagorno-Karabakh War and disagreement over its solution among high government officials. 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 Doctor Asatryan is a full professor at Yerevan State University, faculty of Economics, department of Finance and Accounting.
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 YSU and is the only publication about Armenia’s banking system, its principles, history, evolution, transition to market economy et cetera Bagrat Asatryan is married and has two sons.
In August 1990 Asatryan, already a member of the Armenian National Movement (ÐÐÞ), became a deputy to the Supreme Council of the First Convocation of Armenia, where he was the chair of the Standing Committee on Health and Social Affairs. In 1995 he was elected as a member of the National Assembly of Armenia.