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CBA Head: Armenia's National Security Strategy Pursues Forward-Looki

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  • CBA Head: Armenia's National Security Strategy Pursues Forward-Looki

    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.
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