Agreement between National Bank of the Republic of Belarus and Central bank of the Republic of Armenia on cooperation

of July 19, 2000

The National Bank of the Republic of Belarus and the Central bank of the Republic of Armenia which are hereinafter referred to as the Party for the purpose of assistance to the subsequent expansion and strengthening of the relations between bank systems of two states agreed as follows:

Article 1

The parties exchange the publications and periodicals issued by National Bank of the Republic of Belarus and the Central bank of the Republic of Armenia, and also information on problems of monetary policy and development of bank systems of the countries.

Mutual experience exchange of research and methodical work is performed in the area:

cash (monetary) analysis and forecasting;

contents and techniques of bank training.

The parties agreed to perform regular exchange of statistical and other information on the main indicators of economic and financial and bank statistics on the approved list, and also if necessary to represent the regulatory legal acts regulating banking and financial activities.

Article 2

The parties expressed consent to perform cooperation in the field of professional training and personnel training in the following forms:

give opportunity to specialists to participate in the seminars held by training centers and other training structures of the Parties;

carry out work experience exchange, organize training of specialists of the Parties;

hold joint seminars, "round tables";

direct experts for carrying out consultations in urgent problems of activities of Central Bank;

direct specialists, teachers of banking for holding specialized seminars in training centers of other Party;

promote establishment and development of professional contacts directly between regional institutions, and also between educational divisions of the Parties.

During training events the host party foots the bill connected with stay of specialists of other Party including payment of accommodation, food, transportation supply in the territory of the host party.

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