Armenian plastic cards were used in July to make 6.4 billion drams worth transactions outside country

YEREVAN, September 9. / ARKA /. The plastic cards of Armenian commercial banks were used in July to make 6.4 billion drams worth transactions outside the country, a 36.5% increase from June, the Central Bank of Armenia said in its monthly bulleting for July. It said the total number of transactions rose to 110,000, an increase of 24 percent from June.

The amount of non-cash transactions abroad made by using plastic in July rose by 44.7 percent to 4.4 billion drams. The volume of withdrawals by use of plastic cards outside the country in May rose by 21 percent to 1.9 billion drams.

Twenty-one commercial banks in Armenia serviced banking cards – 19 of them are members of the single payment system ArCa. ($ 1 – 412.14 drams). -0-

spot_img

POPULAR

Euro to Armenian dram exchange rate jumped 3.22 points, while the dollar and ruble remained unchanged: Central Bank

The average market exchange rate for the US dollar to the Armenian dram, formed on the Armenian foreign exchange market as of May 6, 2026, decreased by 0.44 points compared to May 5, to 370 drams.

The average exchange rate of the Armenian dram to the US dollar in April was 4.2% lower than a year ago

In April 2026, the average exchange rate of the Armenian dram to the US dollar was 374.2 drams, compared to 390.7 drams in April 2025, according to data from the Statistical Committee.

Central Bank is not observing capital outflow from Armenia amid regional uncertainty

The Central Bank of Armenia is not observing capital outflow from Armenia amid regional uncertainty, stated Deputy Chairman Hovhannes Khachatryan.

FINTECH360 International Conference Held in Armenia

The international FINTECH360 conference took place in Yerevan, bringing together around 500 participants from more than 30 countries, including the United States, United Kingdom, France, Germany, Switzerland, Cyprus, Latvia, Luxembourg, Romania, UAE, India, Russia, Belarus, Kazakhstan, Kyrgyzstan, Tajikistan, Moldova, Uzbekistan, Georgia, and others.

Armbanks Weekly Digest: Key Events in Armenia’s Financial Market (April 27 – May 3)

Last week, the focus in Armenia was on changes in bank taxation, the development of a new law on payment services, and the transformation of investment companies.

LATEST NEWS

spot_imgspot_imgspot_img