ARMPOST PLANS TO ENGAGE IN FOREIGN CURRENCY EXCHANGE ACTIVITIES

YEREVAN, JUNE 17, NOYAN TAPAN. The Converse Invest company that
assumed the trust management of Haypost CJSC has submitted a bid to
the Central Bank of Armenia to get a license for foreign currency
exchange activity. According to a reliable source, it is planned to
open exchange offices in all the 900 branches of Haypost. The licenses
of 30 exchange offices have lately been recognized invalid by CBA for
the reason of violating the currency legislation. Converse Invest is
an investment company registered in Latvia, which, according to our
information, is founded by the Armenian Converse Bank.

From: Emil Lazarian | Ararat NewsPress