YEREVAN, November 22. / ARKA /. The chairman of Armenia’s Central Bank Arthur Javadyan congratulated today bank employees on occasion of the Bank Employee's Day and the 20th anniversary of the introduction of Armenia’s national currency, the dram, at a ceremony that was attended also by President Serzh Sargsyan.

“Back in November 22, 1993, the newly independent Armenia introduced its national currency. Throughout this period both the banking system and the national currency followed a path full of challenges but could pass the test of time and create a history,’ he said.

According to him, the bank employees encountered a variety of difficulties in early days of the independence as the Central Bank was preparing to establish new monetary policy and financial supervision functions practically in the absence of state reserve funds.

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Tags: Armenia, Bank Employee's Day, CBA

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