Armenian banking cards used outside the country to make 5.8 billion drams worth transactions in September

YEREVAN, November 13. / ARKA /. The total amount of transactions made by using Armenian banking cards outside the country in September 2013 dropped by 19 percent from the previous month to about 5.8 billion drams, the Central Bank said in its monthly bulletin for September.

It said the total number of transactions made ​​by these cards declined by 9.4 percent to 105,809. The amount of cashless transactions in the same month was said to have declined by 23.3 percent to 3.9 billion drams.

Armenian banking cards were used also to withdraw 1.8 billion drams money outside the country, an 8.3 percent decline from the previous month.

As of September this year, all 21 Armenia-based commercial banks issued and serviced banking cards. Nineteen of them were members of ArCa single payment system. ($1 – 405.06 drams). -0-

spot_img

POPULAR

Strong banks’ capital and liquidity positions mitigate risks to Armenia’s financial stability – Fitch

Risks to financial stability in Armenia are mitigated by banks' strong capital and liquidity positions, according to the international ratings agency Fitch Ratings.

MONEYVAL recommended Armenia strengthen its fight against money laundering and confiscation of criminal assets

The Council of Europe's Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism (MONEYVAL) noted Armenia's progress in developing its system for combating financial crime, but recommended strengthening the effectiveness of money laundering investigations, asset confiscation, and oversight of certain economic sectors.

IDBank warns of scam calls impersonating pension funds

There is a growing risk of scam calls targeting the most vulnerable category of citizens -pensioners.

Fitch Expects Central Bank of Armenia to Raise Refinancing Rate

International rating agency Fitch Ratings expects a temporary increase in the refinancing rate in Armenia.

Armenia to Receive $284.4 Million from IBRD to Provide Housing for IDPs from Artsakh and Develop the Mortgage Market

On Thursday, the Armenian government approved the ratification of a financial agreement and the approval of a grant agreement with the International Bank for Reconstruction and Development (IBRD, a World Bank entity) for $284.4 million.

LATEST NEWS

spot_imgspot_imgspot_img