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ARMENIAN CB BOARD INVALIDATES LICENSES OF 15 EXCHANGE OFFICES
YEREVAN, June 6. /ARKA/. The Board of the Central Bank of Armenia
(CBA) invalidated licenses of 15 exchange offices for violating the RA
currency legislations. Last December, the CBA started large-scale
inspections of exchange offices as a result of concern over their
vigorous activities connected with USD exchange rate fluctuations. The
inspections resulted in the revocation of 22 exchange offices in
Yerevan. Last inspections were conducted in May, and 17 exchange
offices were deprived of their licenses. P.T. -0--
YEREVAN, June 6. /ARKA/. The Board of the Central Bank of Armenia
(CBA) invalidated licenses of 15 exchange offices for violating the RA
currency legislations. Last December, the CBA started large-scale
inspections of exchange offices as a result of concern over their
vigorous activities connected with USD exchange rate fluctuations. The
inspections resulted in the revocation of 22 exchange offices in
Yerevan. Last inspections were conducted in May, and 17 exchange
offices were deprived of their licenses. P.T. -0--