advance release calendar : The Central Bank Bulletin" (monthly) The Central Bank Statistical Bulletin" (annual). An important step to the development of Armenia's statistical system was its subscription on November 7, 2003 to the Special Data Dissemination Standard (SDDS) of the IMF (www.dsbb.imf.org ), which enables compilation of the participant countries’ statistics on the base of unified standards. Armenia was the 3rd among the CIS countries and the 54th in the world countries that was joining this system. The CBA statistical work are coordinated by the Statistics Department of the Central Bank. The Department comprises the Monetary and Financial Statistics Division, Data Processing Division, the Economic Statistics Development Division, the External Sector Statistics Division, and the Credit Registry. Cooperation with international financial organizations There is integration of the Republic of Armenia and its Central Bank in the world community. The CBA maintains mutual cooperation with: International Monetary Fund (IMF) World Bank European Bank for Reconstruction and Development Asian Development Bank The international cooperation has allowed the CBA to begin realization of the received credits on transformation system, maintenance of balance of payments, financing of private business, institutional and rehabilitation loans, and other similar programs. The positive results of work with the international financial organizations opens new prospects for the realization of joint projects together with various economic institutes and large banks of the world. Independence The sole founder of the Central Bank is the Republic of Armenia. The Central Bank is independent from state authorities of the Republic of Armenia in implementing its activities in the context of setting targets and deciding on the tools to achieve these targets. Independence is needed in order to implement effective policies aimed to maintain price and financial stability. In doing so, the Central Bank makes its contribution to a sustainable economic growth in a longer run. See also Armenian dram Armenia Securities Exchange Central Bank Visitor Center (Armenia) Central Depository of Armenia Economy of Armenia Federation of Euro-Asian Stock Exchanges List of banks in Armenia List of central banks State Revenue Committee of Armenia References External links Armenian Constitution Central Bank of Armenia ABC Finance LexBox database (collection of legal information of different countries) ArCa Armenian Card Financial System Mediator Armenian Legal Information Centre Armenia Economy of Armenia Banks established in 1993 Banks of Armenia Armenian companies established in 1993