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KIEV () -- French Credit Lyonnais Bank has secured a seat on Kiev's Interbank Currency Exchange, becoming its first foreign member, bank officials said Wednesday.
"We became a member of the exchange this week," a Credit Lyonnais Bank official in Kiev said. "We will try to study the exchange for several weeks to understand how it works and then we can start trading."
The Kiev exchange, which trades dollars, Deutsche marks, Russian rubles and Belarussian rubles against the karbovanets currency once a week, has at present more than 30 member banks.
First for Foreign Bank
17 November 1994
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