The agreement on exchange of information poses no threat to Armenia’s interest, deputy head of central bank says

18.08.2015 19:25
The agreement on exchange of information poses no threat to Armenia’s interest, deputy head of central bank says

YEREVAN, August 18. / ARKA /. A deputy governor of Armenian Central Bank downplayed today concerns that an agreement on exchange of information between member states of the Eurasian Economic Union (EEU) may damage Armenia’s national interests.

Speaking at a regular Cabinet session which approved the agreement on the exchange of financial information, including confidential information in order to create conditions for the financial markets to ensure the free movement of capital among EEU member states, Nerses Yeritsyan said after lengthy negotiations it was agreed that information regarding third parties can not be exchanged, if Armenia does not see the need for it.

"This ensures the preservation of bank secrecy, stipulated by Armenian legislation", said Yeritsyan.
EEU consists of Armenia, Russia, Kazakhstan, Belarus and Kyrgyzstan. -0-


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