Mon, 9 June
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USD: 384.44 RUB: 4.83 EUR: 434.11 GEL: 140.51 GBP: 515.15

BTA Bank (Armenia) begins issuing free plastic cards to Armenian pensioners

YEREVAN, February 10, /ARKA/. BTA Bank (Armenia) said today it has begun issuing free plastic cards to Armenian pensioners. Under an agreement signed with the labor and social security ministry, the bank will be paying pensions to senior citizens.

As of December 31, 2010 BTA Bank’s total capital stood at 5.2 billion Drams, assets at 8.2 billion Drams and liabilities at 3 billion Drams. Some 48.9% in BTA Bank Armenia is owned by BTA Bank, headquartered in Kazakhstan, 31.1% is owned by Austrian

ZRL Beteilingungs, 16.3% – by Mobilex Energy Ltd (Kazakhstan) and 3.7% by AMK Invest company. -0-

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Dollar and ruble exchange rates against Armenian dram rose, while euro fell

The average market exchange rate of the US dollar to the Armenian dram, as of April 2, 2025, rose by 0.06 points compared to April 1, reaching 391.16 drams.

US dollar slightly down  against dram

The average market exchange rate of the U.S. dollar to the Armenian dram on May 7, 2025, decreased by 0.18 points compared to May 6 and amounted to 389.28 drams.

Central Bank leaves refinancing rate unchanged taking into account high uncertainty in US economic policy

The Central Bank of Armenia decided today to leave the refinancing rate unchanged at 6.75% taking into account a set of factors such as  the continued high uncertainty surrounding the US economic policy, declining confidence in the global economy, growth slowdown and  a possible  weakening demand in Armenia, the head of the regulator Martin Galstyan said at a press conference on Tuesday.

Euro and ruble exchange rates to the Armenian dram fell, the dollar rose

The average market exchange rate of the US dollar to the Armenian dram, formed on the Armenian currency market as of June 6, 2025, increased by 0.06 points compared to June 5 and amounted to 383.46 drams.

Mechanism to stimulate cashless payments to be developed in Armenia

On Friday, the Armenian government held a meeting on issues related to stimulating cashless payments in the country.

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