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ARMENIA MAY REVALUATE "EXCHANGE RATE" OF CONFLICTS
Lragir, Armenia
Nov 13 2007
If Armenia becomes a regional financial center, it may help resolve
the regional conflicts, stated the president of the Central Bank of
Armenia Tigran Sargsyan in a news conference with the president of
the Bank of Netherlands Nout Wellink.
According to Tigran Sargsyan, in the early 1960s Singapore launched
financial programs having a lot of problems with Malaysia. Fast
development and the services which the country started providing to
the region essentially changed the situation, including politically.
For his part, Nout Wellink gave the example of Hong Kong which used
to have major disagreement with China until it started developing its
financial sector. He says he thinks the unsettled conflicts will not
prevent Armenian from becoming a financial center in the region.
Lragir, Armenia
Nov 13 2007
If Armenia becomes a regional financial center, it may help resolve
the regional conflicts, stated the president of the Central Bank of
Armenia Tigran Sargsyan in a news conference with the president of
the Bank of Netherlands Nout Wellink.
According to Tigran Sargsyan, in the early 1960s Singapore launched
financial programs having a lot of problems with Malaysia. Fast
development and the services which the country started providing to
the region essentially changed the situation, including politically.
For his part, Nout Wellink gave the example of Hong Kong which used
to have major disagreement with China until it started developing its
financial sector. He says he thinks the unsettled conflicts will not
prevent Armenian from becoming a financial center in the region.