CBA HOLDS A MEETING WITH THE OWNERS OF 17 CURRENCY EXCHANGE CENTERS
DEPRIVED OF LICENSES

YEREVAN, May 23. /ARKA/. CBA held a meeting with the owners of 17
currency exchange centers deprived of licenses, according to the
Chairman of CBA Tigran Sargsyan. According to him, within several
hours the Deputy Chairman and members of the CBA Board explained to
the owners of the centers the policy of CBA in respect of them in
details. “It’s not the first such a meeting: in December 2004 the
owners of currency exchange centers were warned that in case of such
violations they would be punished”, he said. Sargsyan emphasized that
“it’s impossible to work with shady economy and to avoid violations is
impossible”. One of these days the owners of private currency
exchange centers held a strike in Yerevan, the reason of which was
depriving 17 currency exchange centers of licenses. To remind, the
first wide-scaled checking of currency exchange centers were conducted
by CBA already in December 2004 and were caused by the activation of
the centers because of the currency fluctuations. Then, on the base of
the violations of currency legislation revealed in the course of
checking, licenses of 22 currency exchange centers in Yerevan were
abrogated. A.H.-0–