RA PRIME MINISTER TIGRAN SARGSYAN’S MESSAGE ON BANKER’S DAY AND 15TH ANNIVERSARY OF ISSUE OF ARMENIAN DRAM
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Sat urday, 22nd of November, 2008
Allow me to extend my congratulations on Banker’s Day and on the
15th anniversary of the issue of Armenian dram. This day is the best
opportunity for us to retrospect and summarize the achievements of
the ever developing financial sector and banking system in Armenia.
As short as it is, the path covered by Armenia’s banking system was
quite eventful. The formation of the banks and the national currency
issue in the newly independent country were part of a nationwide will
to build a new Armenia. The engineering of the financial and banking
system was tied up to many difficulties. The public’s mistrust in
domestic banking institutions and in the national currency was among
the main challenges of the time. Such notions as "national currency"
"savings" "loan" "bank transfer" were alien to the citizens of the
former Soviet Union, with people having some difficulty in getting used
to them. Owing to goal-oriented efforts and streamlined activities
we managed to defy the challenges and raise the level of trust in
Armenian banks and the Armenian dram.
Today we can state with pride that we have a stable and reliable
national currency. This may be evidenced by:
– our financial and banking system’s actual ability to withstand the
global financial crisis
– and the emergence and quick expansion of a banking culture
characteristic to developed countries
In reiterating my congratulations, I wish all those employed in the
banking sector well-being, happiness and fruitful work.