Federal Reserve Official Meets Armenia Central Bank Head

YEREVAN (Noyan Tapan)–While attending the annual meeting of the IMF and World Bank in Washington–President of Armenia’s Central Bank Tigran Sargssian met with the Manager of the United States Federal Reserve who stressed the importance of the progress Armenia has made in ensuring economic stability–implementing structural reforms and creating a stable financial environment for the development of a sound banking system and financial markets in Armenia.

A delegation of the Armenian Central Bank also visited Chase Manhattan Bank–CityBank–the Paine Webber investment company and a number of other financial organizations. Deputy Executive Director of Chase Manhattan Bank Deborah Duncan spoke about projected plans by the bank to invest in Armenia.

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