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.