Tue, 4 March
3.1 C
Yerevan
USD: 393.69 RUB: 4.40 EUR: 411.09 GEL: 141.36 GBP: 497.94
spot_img

Armenian Bank plastic card transactions abroad dropped by 9.5% to 4.5 bln drams in May

YEREVAN, July 24. /ARKA/. Total volume of transactions abroad via all plastic cards issued by Armenian commercial banks amounted to 4.5 billion drams in May, a reduction of 9.5% over the month, reads the monthly bulletin of the Armenia’s Central Bank for May 2013.

Number of transactions was 84,820 (3.2% reduction).

Non-cash card transactions amounted 3 billion drams over the period (6.7% reduction.

Encashment through plastic cards amounted to 1.4 billion drams (15% reduction).

There are currently 21 commercial banks operating in the territory of Armenia. Of them, 19 are members of ArCa united payment system. ($1=409.97drams). –0—

spot_img

POPULAR

Net inflow of remittances to Armenia from abroad decreased by 1.7 times in January

The net inflow of cross-border transfers to individuals in Armenia, received from abroad through the banking system of Armenia, amounted to $18.7 million in January 2025, compared to $32.8 million in January 2024, according to the report from the Central Bank of Armenia.

Euro exchange rate plummets by 3.34 points

The average market exchange rate of the U.S. dollar to the Armenian dram on February 28, 2025, amounted to AMD 393.26, having increased by 0.09 points compared to February 27.

Government makes its first attempt to regulate the cryptosphere

At a meeting on Thursday, the Armenian government approved the law "On Cryptoassets," aimed at introducing regulations in the areas of cryptocurrency circulation, exchange, and service provision.

C-QUADRAT AAM Armenia CEO: Investments in Formula VC venture fund will develop Armenia’s technological future

The unprecedented decision of the C-QUADRAT Ampega Asset Management Armenia pension fund to invest $1 million in the Formula VC venture fund in 2024 is very important for Armenia, said Arman Vardanyan, CEO of C-QUADRAT Ampega Asset Management Armenia, summing up the results of a year of cooperation with the Formula VC venture fund.

New Armenian Formula VC II fund invests $30 mln in 40 tech startups with Armenian roots around the world

Armenian Formula VC fund announced the launch of Formula VC II fund on Thursday. 

LATEST NEWS

spot_imgspot_imgspot_img