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VTB BANK (Armenia) opens renewed branch in Masis

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In January, pensioners and benefit recipients in Armenia received 33.3 billion drams in cashback

In January 2026, pensioners and benefit recipients in Armenia received 33.3 billion drams in cashback for non-cash payments, announced Minister of Labor and Social Affairs Arsen Torosyan.

Taxpayers received 409 billion drams in refunds in 2025

Taxpayers will receive 409 billion drams in refunds in 2025, a 4.2% increase compared to 2024, Eduard Hakobyan, Chairman of State Revenue Committee, announced at a press conference on the 2025 results.

Armenian pensioners urged to choose a bank for cashless payments by March 5

The Armenian Ministry of Labor and Social Affairs has urged pensioners and benefit recipients who continue to receive payments in cash to choose a bank by March 5, 2026, to switch to cashless payments.

The average exchange rate of the Armenian dram to the US dollar in January was 4.5% lower than a year ago

In January 2026, the average exchange rate of the Armenian dram to the US dollar was 380 drams, compared to 397.9 drams in January 2025.

Armbanks Weekly Digest: Key Events in Armenia’s Financial Market (February 2–8)

Last week, Armenia's financial market was shaped by monetary policy decisions, changes to payment infrastructure regulations, and regulatory signals regarding the cryptocurrency sector.

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