YEREVAN (IRNA) -- Iran and Armenia signed four memoranda of understanding and issued one joint statement in Yerevan on Monday.

On the first day of a visit by Iranian President Mahmoud Ahmadinejad and his accompanying delegation to Armenia, officials of the two countries inked the MOUs.
The foreign ministers of Iran and Armenia signed a MOU to establish consulates in both countries.
The deputy governor of Central Bank of Armenia and the Deputy Foreign Minister Mehdi Safari also inked a MOU on banking cooperation between Iranian and Armenian central banks.
Safari and Head of Armenia Economic Development Agency Davoud Kian signed the third MOU on making joint investments.
Head of Iran Saba Nirou Company and the deputy energy minister of Armenia inked another MOU to construct a wind power plant in Armenian territory.
Ahmadinejad and his Armenian counterpart Robert Kocharian also signed a joint statement at the end of their negotiations.
The Iranian president arrived in Yerevan, heading a political and economic delegation, at the official invitation of his Armenian counterpart.
Ahmadinejad will hold talks with his counterpart and address Armenian parliament during his two-day visit to Armenia.
The state-owned university of Yerevan is to grant Ahmadinejad an honorary doctorate and medal.
He will hold talks with Iranian nationals residing in Armenia on the second day of his stay in Armenia.