ARMENIAN CB PRESIDENT TO PARTICIPATE XIV INTERNATIONAL BANK CONGRESS

June 1 on the invitation of the Russian Central Bank President head of the Armenian CB Tigran Sargsian departed for Saint Petersburg to take part in the XIV International Bank Congress entitled “Banks: regulations and economy”. The RA CB President will give a report on the financial-crediting policy, currency regulations and banking control. The Congress participants are expected to discuss the prospects of development of the Russian banking system for 2005-2008, the strategy of the development at the present stage, urgent issues referring to the regulation of the activities of the Russian crediting organizations, interaction of banks and economy, etc., IA Regnum reports.