Friday, June 24 2011 15:14

President of Central Bank of Armenia to take part in annual general meeting of Bank for International Settlements in Basel


ArmInfo. President of the Central Bank of Armenia Artur Javadyan and Head of the Financial System Control Department Andranik Grigoryan will take part in the annual general meeting of the Bank for International Settlements to take place in Basel June 24-27, reports the press service of the CB.

The Bank for International Settlements (BIS) is an intergovernmental organization of central banks which "fosters international monetary and financial cooperation and serves as a bank for central banks." It is not accountable to any national government. The BIS carries out its work through subcommittees, the secretariats it hosts, and through its annual General Meeting of all members. It also provides banking services, but only to central banks, or to international organizations like itself. Based in Basel, Switzerland, the BIS was established by the Hague agreements of 1930.
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