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RA Prime Minister Tigran Sargsyan's Message On Banker's Day And 15th

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  • RA Prime Minister Tigran Sargsyan's Message On Banker's Day And 15th

    RA PRIME MINISTER TIGRAN SARGSYAN'S MESSAGE ON BANKER'S DAY AND 15TH ANNIVERSARY OF ISSUE OF ARMENIAN DRAM

    http://www.gov.am/enversion/information_cent re_8/official_news_en.php?&date=1227297600
    Sat urday, 22nd of November, 2008

    Allow me to extend my congratulations on Banker's Day and on the
    15th anniversary of the issue of Armenian dram. This day is the best
    opportunity for us to retrospect and summarize the achievements of
    the ever developing financial sector and banking system in Armenia.

    As short as it is, the path covered by Armenia's banking system was
    quite eventful. The formation of the banks and the national currency
    issue in the newly independent country were part of a nationwide will
    to build a new Armenia. The engineering of the financial and banking
    system was tied up to many difficulties. The public's mistrust in
    domestic banking institutions and in the national currency was among
    the main challenges of the time. Such notions as "national currency"
    "savings" "loan" "bank transfer" were alien to the citizens of the
    former Soviet Union, with people having some difficulty in getting used
    to them. Owing to goal-oriented efforts and streamlined activities
    we managed to defy the challenges and raise the level of trust in
    Armenian banks and the Armenian dram.

    Today we can state with pride that we have a stable and reliable
    national currency. This may be evidenced by:

    - our financial and banking system's actual ability to withstand the
    global financial crisis

    - and the emergence and quick expansion of a banking culture
    characteristic to developed countries

    In reiterating my congratulations, I wish all those employed in the
    banking sector well-being, happiness and fruitful work.
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