YEREVAN, August 27. /ARKA/. Brokerage firm “BCS World of Investments” resumed operations for the deposit and withdrawal of Armenian drams and Kazakh tenges between brokerage and bank accounts on Monday.
According to a report by Frank Media citing the broker’s announcement, clients can once again withdraw these currencies to external bank accounts and BCS Bank, as well as transfer funds from external banks and BCS Bank to BCS brokerage accounts. The option to submit orders for the purchase and sale of Armenian drams has also been reinstated for BCS World of Investments clients.
Earlier in August, the broker had suspended orders for the purchase and sale of Armenian drams due to the complications in settlements among participants in exchange trades involving Armenian drams, which also led to longer processing times for currency deposits, withdrawals, and transaction settlements.
