ArmenPress
Nov. 5, 2004

ARMENIA WANTS TO STUDY CHINA’S BANKING EXPERIENCE

YEREVAN, NOVEMBER 5, ARMENPRESS: The governor of Armenia’s Central
Bank, Tigran Sarkisian, told Armenpress he had discussed with his
Chinese counterpart a series of questions concerning cooperation
between the two banks during a recent visit to Beijing.
Sarkisian said financial and economic developments in China have a
serious impact on world financial system and economy. In this sense he
said it is very important to understand the logic of sweeping reforms
in that country and its repercussions on world economy.
He said he had agreed with the head of Chinese Central Bank to
exchange regularly information by both countries’ banks and increase
bilateral contacts that will help Armenia to examine China’s
experience.
He also said an agreement was reached on developing a cooperation
plan that may be signed in 2005. Sarkisian said he invited his
counterpart to visit Armenia next year.