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Armbusinessbank Puts Into Operation First In Armenia Machine For Aut

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  • Armbusinessbank Puts Into Operation First In Armenia Machine For Aut

    ARMBUSINESSBANK PUTS INTO OPERATION FIRST IN ARMENIA MACHINE FOR AUTOMATIC EXCHANGE OF FOREIGN CURRENCY

    Noyan Tapan
    Apr 19 2007

    YEREVAN, APRIL 19, NOYAN TAPAN. Armbusinessbank CJSC has put into
    operation a machine for automatic exchange of foreign currency. This
    machine is the first one in Armenia and has been installed at the
    bank's branch at 20 Mashtots Avenue (Yerevan).

    Karen Khachatrian, Head of the Plastic Card Operations Unit of
    Armbusinessbank, told NT correspondent that the machine (made by the
    Italian company Sigma) exchanges 6 most widespread foreign currencies
    in Armenia - US dollars, euros, Russian rubles, Ukrainian grivnas,
    Swiss francs and British pound sterlings.

    According to K. Khachatrian, besides banknotes, 10-, 50- and 200-dram
    metal coins can be used in the automatic exchange machine, thanks to
    which exchange is carried out in full amount at the exchange rate set
    by the bank. He noted that all 10 automatic exchange machine purchased
    by the bank will be put into operation next month, and their number
    will reach 70 by late 2008.

    Armbusinessbank currently has 10 teller machines and intends to
    put another 10 into operation in the near future. In the period of
    September, 2006 up to now, the bank has issued over 400 plastic ArCa
    cards. It envisages to issue MasterCards soon.
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