Cyprus News Agency
April 15 2006

CYPRUS – ARMENIA – CENTRAL BANKS – MEMORANDUM

The Central Banks of Cyprus and Armenia signed a memorandum of
understanding.

The memorandum was signed by the Governors of the Central Bank of
Cyprus and Armenia, Christodoulos Christodoulou and Tigran Sargsyan,
respectively.

An official statement said the Central Bank of the Republic of
Armenia and the Central Bank of Cyprus, expressing their mutual
interest and willingness in establishing and promoting bilateral ties
in supervising credit institutions, signed today in Nicosia a
Memorandum of Understanding.