ACBA-CREDIT AGRICOLE BANK and Armbusinessbank get permission to join RIA Money transfers

YEREVAN, November 30. /ARKA/. Two Armenian banks – ACBA-CREDIT AGRICOLE BANK and Armbusinessbank have got the Armenian Central Bank’s (CBA) permission to join RIA Money Transfers international remittances system.

Armenian Central Bank said to ARKA the decision was adopted today at CBA Board meeting chaired by CBA governor, Artur Javadyan.

RIA Money Transfers is an international money transfer system operating in more than 110 countries. The network system includes more than 100,000 service offices in the U.S., Canada, UK, Ireland, Spain, Italy, France, Germany, Switzerland, Sweden, Belgium, Australia and other countries. -0-

spot_img

POPULAR

Net inflow of remittances to Armenia from abroad doubled over 8 months

The net inflow of cross-border remittances to individuals in Armenia, received from abroad via the banking system of the Republic of Armenia, totaled $1.8 billion in January–August 2026, compared to $889.3 million in January–August 2025, according to a report by the republic's Central Bank.

Armenia’s public debt to remain below 50% of GDP in the medium term – Finance Ministry

Armenia’s public debt will remain below 50% of GDP in the medium term, stated the Republic’s Minister of Finance, Vahe Hovhannisyan.

Pensions, benefits, and cashback: Armenian government allocates 40.8 billion drams for these purposes

At its meeting on Thursday, the Armenian government decided to allocate 40.8 billion drams to fund pension and social payments for the fourth quarter of 2026.

4.3% inflation recorded in Armenia in September

Armenia’s Statistical Committee reports that 12-month inflation in the country's consumer market stood at 4.3% in September of this year.

Exchange rates of the euro, ruble, and dollar against the Armenian dram continued to decline – Central Bank of Armenia data

The average market exchange rate of the US dollar against the Armenian dram, established on Armenia's currency market, fell by 0.74 points on October 5 compared to October 2, settling at 361.81 drams.

LATEST NEWS

spot_imgspot_imgspot_img