Cyprus-Armenia sign central bank MOU
The deal was co-signed by Christodoulos Christodoulou and Tigran Sargsyan, governors of the Cypriot and Armenian central banks.
An official statement said the document defines a general framework of mutual cooperation and exchange of information between the two supervisory authorities over supervision of cross- border establishments and credit institutions.
In the field of banking supervision, the Central Bank of Cyprus has signed MOU with more than 10 countries' central banks, which have or may have a presence in Cyprus.
Moreover, negotiations are ongoing with another 10 overseas banking supervisory authorities on the signing of similar documents, the statement added.
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