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Russia’s Medvedev instructs to get banks connected to state payment system by November 6

YEREVAN, August 9. /ARKA/. Russian premier Dmitry Medvedev instructed the central bank, the country’s ministry of finance and the treasury to ensure all Russian banks are connected to the state information system of state and municipal payments before November 6, 2013, the government press office reported.

The cabinet also recommended using supervision measures toward banks if required, RIA Novosti reports.

In late May dozens of law-obeying citizens found themselves in the list of nonpayers of penalties against traffic rule breaches. As a result, number of application doubled at the traffic police website. The incident was caused by failure of the payment and information system – data about transfers did not reach the federal treasury and the traffic police.

Wednesday the central bank recommended its branch offices ensuring proper delivery of the respective information about payments by the banks.–0–

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US Dollar and Euro Exchange Rates Down Against Armenian Dram

As of May 2, 2025, the average market exchange rate for the U.S. dollar decreased by 0.53 points compared to April 30, landing at 389.41 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.

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