ARMENIAN PRESIDENT APPOINTED NEW CBA BOARD MEMBER

ARKA
Sep 1, 2008

YEREVAN, September 1. /ARKA/. RA President Serge Sargsyan signed a
decree appointing Vahtang Abrahamyan a new member of the Board of
the Central Bank of Armenia (CBA).

The RA presidential press service reported that the decree is to take
effect on September 1.

Before being appointed CBA Board member, Abrahamyan was Chief Auditor
of the CBA Internal Audit Group.

The CBA Board members are currently Amalya Saribekyan, Andranik
Norekyan, Vardan Movsesyan, Karine Minasyan and Grigor Konjeyan.

Under the RA Law "On the Central Bank", the CBA Board is the supreme
authority of the Central Bank, which consists of the Board Chairman,
Board Vice-Chairman and five Board members. The Board members are
appointed by the RA president for five years.