Janik Janoyan was born on October 20, 1928, in Vardaghbyur village of Ghukasyan region of the Armenian SSR. In 1951, he graduated from Yerevan State University, Faculty of Economics. In 1951-1956, he served in the soviet army. After demobilization, he worked at the ASSR Ministry of Finance in 1956-1958. In 1958-1969, Janikyan held positions in the Staff of the ASSR Council of Ministers, from the referent to the head of group. In 1969-1975, he was the Head of Household Service, Logistics and Trade Department of the Armenian SSR Council of Ministers. In 1975, Janik Janoyan was appointed as the ASSR Minister of Finance, holding that position for 15 years in a row; he was also a member of the Presidency of the ASSR Government. In 1990-1993, he was the first Finance Minister of the newly independent republic. J. Janoyan's contribution to the creation and establishment of the financial system of the Republic of Armenia is great. In 1993, being the co-chair of the State Commission, he did a great job for the preparation and implementation of the national currency’s (Armenian dram) introduction. He was given the opportunity to put his signature on one of the first Armenian banknotes. In September 2001, Janoyan was awarded with Anania Shirakatsi medal by the decree of the President of the Republic of Armenia. He also received the Order of the Red Banner of Labour, USSR Medals, and certificates from the Presidency of the ASSR Supreme Council. In 1975-1990, he was elected as a deputy of the Supreme Council of the Armenian SSR; he was among the first members of the Board of Trustees of “Hayastan” All-Armenian Fund. In the last years of his life, Janoyan worked as the Chairman of the Board of Directors of the Armenian Development Bank. He died on December 1, 2010.