ARMENIA’S CENTRAL DEPOSITARY JOINS INTERNATIONAL ASSOCIATION OF CIS EXCHANGES

ARKA News Agency, Armenia
Sept 19 2005

YEREVAN, September 19. /ARKA-Finmarket/. The Central Depositary of
Armenia has been admitted to the International Association of CIS
Exchanges. The decision was made at the Association’s general meeting
attended by the heads of 15 organizations from eight CIS countries.

During the meeting, representatives of CIS exchanges and depositaries
discussed trends and formation of the CIS exchange infrastructure.

After discussing the current situation and prospects for cooperation
between CIS members, the Association members approved a program
of action for 2005-2010, which includes legal underpinnings for
financial cooperation between CIS members, creation of conditions
for an integrated CIS stock market, development of the stock market
of futures and options, commodity stock market, as well as the
development of bilateral and multilateral projects between the
Association members. P.T. -0–