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Armenia Wants to Study China's Banking Experience

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  • Armenia Wants to Study China's Banking Experience

    ArmenPress
    Nov. 5, 2004

    ARMENIA WANTS TO STUDY CHINA'S BANKING EXPERIENCE

    YEREVAN, NOVEMBER 5, ARMENPRESS: The governor of Armenia's Central
    Bank, Tigran Sarkisian, told Armenpress he had discussed with his
    Chinese counterpart a series of questions concerning cooperation
    between the two banks during a recent visit to Beijing.
    Sarkisian said financial and economic developments in China have a
    serious impact on world financial system and economy. In this sense he
    said it is very important to understand the logic of sweeping reforms
    in that country and its repercussions on world economy.
    He said he had agreed with the head of Chinese Central Bank to
    exchange regularly information by both countries' banks and increase
    bilateral contacts that will help Armenia to examine China's
    experience.
    He also said an agreement was reached on developing a cooperation
    plan that may be signed in 2005. Sarkisian said he invited his
    counterpart to visit Armenia next year.
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