Tweet
CB PUBLISHED FOREIGN CURRENCY MARKET ANALYSIS RESULTS
Panorama.am
17:40 11/03/2008
In 23-25 November 2007 it was registered strict decrease of foreign
currency rate exchange and the Central Bank (CB) announced that
results of the investigation would be published after the presidential
elections. Hence, the CB spread the publication of the results and
the CB press department also informed the Panorama.am.
According to the source, what happened in 23-25 November (non working
days) was the result of speculative behavior of some banks and exchange
centers, as well as the some businessmen foreign currency large-scale
cash operations.
The CB held an observation in "Prometey Bank" LLC and found out
violations of the current legislation on foreign currency.
In the result of the violation reveal the bank was fined. CB
carried out observation in some banks and notified large-scale cash
operation. Some exchange centers were also observed. In "Valletta" LLC
and other exchange centers the CB revealed violations and the companies
were fined and obliged to pay from 50000 drams to 750000 drams.
Panorama.am
17:40 11/03/2008
In 23-25 November 2007 it was registered strict decrease of foreign
currency rate exchange and the Central Bank (CB) announced that
results of the investigation would be published after the presidential
elections. Hence, the CB spread the publication of the results and
the CB press department also informed the Panorama.am.
According to the source, what happened in 23-25 November (non working
days) was the result of speculative behavior of some banks and exchange
centers, as well as the some businessmen foreign currency large-scale
cash operations.
The CB held an observation in "Prometey Bank" LLC and found out
violations of the current legislation on foreign currency.
In the result of the violation reveal the bank was fined. CB
carried out observation in some banks and notified large-scale cash
operation. Some exchange centers were also observed. In "Valletta" LLC
and other exchange centers the CB revealed violations and the companies
were fined and obliged to pay from 50000 drams to 750000 drams.