FINANCIAL CENTER TRANSITION FROM CAPITAL TO ONE OF PROVINCIAL CITIES TO BE NEW PHENOMENON FOR ARMENIA
ARKA News Agency, Armenia
June 26 2007
YEREVAN, June 26. /ARKA/. Armenian financial center transition
from capital to one of the country’s provincial cities will be a
new phenomenon for Armenia, Chairman of the Central Bank of Armenia
Tigran Sargsyan said Monday at an annual session of Armenian Banks
Union in Yerevan.
"The prime minister has come up with quite conceptual proposal. Its
implementation will make substantial changes not only to Central
Bank’s activity, but also to Armenia’s entire banking system", he said.
Sargsyan said the financial center must be moved from Yerevan to
Armenia’s other city as soon as possible.
"We have to discuss the matter with Armenian Banks Union and decide
how quick we’ll be able to do it and what financial means will spend",
Sargsyan said.
Earlier, speaking at the Central Bank’s annual session, Armenian
Prime Minister Serge Sargsyan proposed to move the financial center
from Yerevan to Dilijan.