Central Bank of Armenia allows Converse Bank to set up and operate payment and settlement system

Banks
конверсбанк
конверсбанк

YEREVAN, October 22. / ARKA /. The Central Bank of Armenia has awarded the Converse Bank a license for the establishment and operating an Armenian payment and settlement system Converse Transfer, the regulator said today.

The decision to award the license was taken by the Central Bank at a meeting on October 21.

Converse Bank is owned by an Argentinean-Armenian businessman Eduardo Eurnekyan (95 percent) and the Armenian Apostolic Church (5 percent). -0-

spot_img

POPULAR

Exchange market

Euro jumped 3.71 points against the Armenian dram: Central Bank

The average market exchange rate for the US dollar against the Armenian dram, determined on the Armenian foreign exchange market, increased by 0.43 points on July 30, 2026, compared to July 29, to 366.63 drams.
Economy

Armbanks Weekly Digest: Key Events in the Armenian Financial Market (July 20–26)

Armenia's financial agenda last week was determined by the banking sector's first-half results, changes in the money transfer sector, and exchange rate dynamics.
Announces

World Bank does not see significant risks in Armenia’s public debt rising to 50% of GDP

Armenia's public debt could increase to approximately 50% of GDP by the end of 2026, but the World Bank does not view this level as a significant threat to the country's macroeconomic stability, said Armine Manukyan, Senior Economist at the World Bank.
Economy

Armenia’s $5.9 billion reserves cover more than four months of imports: former Finance Minister calls this a hedge against external shocks

Armenia's $5.9 billion international reserves cover more than four months of imports and currently provide a fairly reliable hedge against external shocks.
Exchange market

Euro, dollar, and ruble exchange rates against the Armenian dram fell: Central Bank

The average market exchange rate for the US dollar against the Armenian dram, determined on the Armenian foreign exchange market, fell by 0.18 points on July 28, 2026, compared to July 27, to 366.54 drams.

LATEST NEWS

spot_imgspot_imgspot_img
Previous article
Банк
Ratio of Armenian banks’ assets to GDP rises 1.9% in Jan-June 2013 to 64.1%
Next article
Артур Джавадян
Training-research center of Armenia’s Central Bank in Dilijan fully established