A Memorandum of Understanding between the Central Bank of Armenia and the National Bank of Georgia
The Central Bank of Armenia and the National Bank of Georgia have signed a Memorandum of Understanding on cooperation in the financial sector.
The Memorandum aims to further strengthen the stability of the financial systems of the two countries, enhance the transparency and resilience of the financial sector, and safeguard the legitimate interests of depositors and investors.
The Memorandum sets out the framework for the exchange of information between the two institutions on matters related to financial sector regulation and supervision. It also provides for cooperation in a broad range of areas, including the licensing and supervision of financial institutions, market conduct and consumer protection, competition, crisis management, payment systems, securities markets, the provision of crypto-asset services, financial technologies, monetary policy, as well as other areas of mutual interest.
The Memorandum provides a solid institutional framework for strengthening cooperation between the two central banks, facilitating the effective exchange of information and expertise, and supporting the implementation of joint initiatives.