CBA HEAD: ARMENIA’S NATIONAL SECURITY STRATEGY PURSUES FORWARD-LOOKING GOALS

ARKA News Agency, Armenia
Dec 4 2006

YEREVAN, December 4. /ARKA/. Armenia’s national security strategy
pursues forward-looking goals, Tigran Sargsyan, chairman of the
Central Bank of Armenia, said Monday during the strategy discussion
in National Assembly.

"We live in fast-changing world, where challenges, risks and threats
are changing very quickly. That’s why the document has to undergo
modernization", the CBA head said.

Sargsyan said referring to the world experience, that the document
should be modernized every four or five years.

In his words, the commission members have mulled over the
U.S. intelligence open publications and its world vision for coming
20 years as well as forecast of risks and challenges connected with
Armenia.

The second level of studies was regional and the third national,
the head of the Central Bank said.

"The document has to say what we should do to resist challenges and
risks", he said.

The CBA head said financial and economic security is one of the
Strategy’s components.

He said more detailed documents would be worked out after approval
from the government.

"Working out financial security concept, we come outside Armenia’s
borders, since our financial system includes financial interests of
those economy entities functioning outside Armenia but keeping their
focus on our republic", Sargsyan said.

In his words, these entities are impacting Armenian financial system’s
stability from the outside.