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Leader Money Transfer System Surprised At Suspension Of Its Activity In Armenia

15.07.2011 20:25

Leader Money Transfer System Surprised At Suspension Of Its Activity In Armenia

YEREVAN, July 15. /ARKA/. Leader International Money Transfer System was surprised to learn that the Central Bank of Armenia ruled July 11 to suspend its operation in Armenia, Elena Yermoshina, a public affairs officer for Artisan Group who is also a press officer for Leader, told ARKA News Agency on Friday.

On July 7, the central bank’s board stripped the Leader from its right to run activity in the country, since the latter has periodically ceased serving some provincial offices of Armenian banks.

Earlier, in 2008, the regulator prohibited Armenian commercial banks from participating in Western Union because of this system’s refusal to operate money transfers to Nagorno-Karabakh Republic.

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