ARTUR JAVADYAN: STRUGGLE AGAINST DOLLARIZATION WILL ALLOW FOR REDUCTION OF RISKS IN ARMENIAN BANKING SYSTEM
PanARMENIAN.Net
October 18, 2010 – 14:41 AMT 09:41 GMT
The Central Bank of Armenia (CBA) has taken serious steps to reduce
risks in banking system, specifically through the struggle against
dollarization, according to CBA President Artur Javadyan.
At all- Armenian conference of bankers and financiers held October
17-19 in Yerevan, CBA President characterized struggle against
dollarization as one of the challenges in Armenian banking system.
“We’ve initiated serious alterations in regulation and control over
dollarization, implementing new mechanisms and introducing changes
in banking norms,” CBA President stated.
All- Armenian conference of bankers and financiers, hosting 100
participants from 10 countries worldwide, aims at activation of
banking sphere through creation of All Armenian Union of Bankers
and Financiers.
From: A. Papazian
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