ARTHUR JAVADIAN APPOINTED CHAIRMAN OF CENTRAL BANK OF ARMENIA

NOYAN TAPAN
June 11, 2008

YE REVAN, JUNE 11, NOYAN TAPAN. As a result of the secret vote held in
the RA National Assembly on June 1, 44-year-old Arthur Javadian has
been appointed chairman of the Central Bank of Armenia (CBA). Prior to
that he held the post of deputy chairman of the CBA. According to the
chairman of the NA interim counting commission Samvel Nikoyan, 98 out
of the 130 NA deputies took part in the vote. 92 deputies voted for
the candidate proposed by the Armenian president, 3 deputies voted
against. 3 voting papers were recognized as invalid.

A. Javadian intends to continue the monetary and credit policy and
ambitious programs of the CBA, considering maintaining price stability
in Armenia as the major task.