Armenia's Central Bank is More Independent Than Azerbaijan's and Less Than Georgia's

Armenia's Central Bank is the 19th (10 points) among the 26 CIS countries, according to a rating list on central banks' dependency on the authorities prepared by Gaidar Institute, a Russian think tank.

According to local Armenian business daily Capital the central banks have been rated based on their dependency upon the local authorities. Among factors the specialist took into account while calculating the economic and political coefficients is the law on financial field.

Armenia's CB has yielded to such countries in the Eastern Europe as Turkmenstan and Tajikistan.

The central banks in Azerbaijan and Georgia have occupied the 20th (10 points) and the 15th (12 points) respectively.
The list is headed by the central banks of Hungary, Bosnia and Hertzegovina, while the most dependent CB is that of Belarus.