Fri, 20 February
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Yerevan
USD: 376.82 RUB: 4.90 EUR: 443.25 GEL: 140.90 GBP: 507.65

Areximbank-Gazprombank Group first to use Visa payWave contactless cards

YEREVAN, May 13. /ARKA/.  Areximbank-Gazprombank Group closed joint stock company has become the first Armenian bank to accept and issue contactless Visa payWave plastic cards, the bank’s press office reported.

Visa payWave is an almost instantaneous payment technology that requires customers to simply wave their card in front of the reader. No pincode is required for payments of up to 10,000 drams.

The technology is currently available only in some 23 sales centers in the Armenian capital, but the number will be increased in future, the press office of the bank said.

Areximbank – Gazprombank Group was founded in 1998. The bank is a 100 percent subsidiary of Russian Gazprombank. –0–

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Armenian banks’ loan portfolio reached AMD 7.9 trillion in 2025 – Union of Banks of Armenia

The loan portfolio of Armenia's banking system increased to AMD 7.9 trillion by the end of 2025 from AMD 6.4 trillion in the same period of 2024, stated Daniel Azatyan, head of the Union of Banks of Armenia.

Euro fell 2.54 points against the Armenian dram, while the dollar and ruble also declined

The average market exchange rate for the US dollar to the Armenian dram, formed on the Armenian foreign exchange market as of February 19, 2026, fell by 0.74 points compared to February 18, to 376.94 drams.

Armenia’s gross reserves up by about USD 100 million, reaching USD5.2 billion in January

In January, the AMD appreciated by 0.4 percent (mom) against the USD and EUR, according to World Bank's «Armenia Monthly Economic Update – February 2026».

Yerevan budget revenues executed 103.6% in January 2026 — Municipality

Yerevan's budget revenues in January 2026 amounted to 7.2 billion drams, compared to the planned 6.9 billion drams, Acting Head of the Revenue Accounting and Collection Department of the Yerevan Municipality, David Hakobyan, announced at a working meeting on Monday.

USD, euro, and ruble appreciate against Armenian dram

As of February 16, 2026, the average market exchange rate for the US dollar to the Armenian dram increased by 0.73 points compared to February 13, reaching 377.67 drams.

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