AMD 1 595.7 billion transferred in February 2016 by using non-cash instruments of Armenia’s commercial banks

YEREVAN, April 15. /ARKA/. The Central Bank of Armenia says in a fresh issue of its monthly bulletin that AMD 1 595.7 billion was transferred in February 2016 by using non-cash instruments of Armenia’s commercial banks.

According to the report, this is 18.5% less than the amount of the same period a year before.

As many as 2,083,942 money transfer transactions were carried out in February 2016 – 24.4% year-on-year increase.

Remittances on payment obligations amounted to AMD 1 577 billion, on electronic payment obligations AMD 1 424.4 billion, ob checks AMD 275 million and cashless card operations AMD 1.3 billion. No other debit remittances were carried out.

Transactions made in Armenia by using plastic cards totaled AMD 106.8 billion in February showing a 7.6% year-on-year growth, and the number of transactions was 2,363,145 (12.2% growth).

The number of plastic cards in use was 1,739,122 in February 2016 (8.9% growth). ($1 – AMD 483.03). –0—

spot_img

POPULAR

A banking STOP button has been launched in Armenia: the Central Bank has explained which transactions can be blocked

Since July 1, 2026, financial institutions in Armenia providing remote services have implemented the "STOP" mechanism, allowing customers to independently restrict individual transactions or completely block remote financial services.

Armenia has benefited from capital transit, but its origins pose reputational risks – Tavadyan

The report of the Council of Europe Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism (MONEYVAL) on Armenia documented the country's progress in developing its anti-money laundering and counter-terrorist financing systems, but identified insufficient effectiveness in investigations, prosecutions, and confiscation of criminal assets, as well as the need for stronger oversight in several economic sectors.

Armbanks Weekly Digest: Key Events in the Armenian Financial Market (July 6–12)

The week in Armenia's financial market was marked by accelerating annual inflation and activity in the government and corporate securities markets.

”Araks” poultry farm produces 10 tons of poultry meat and 400 thousand eggs daily, its partner is Acba Leasing

For about 30 years, the Araks poultry farm has been providing the Armenian market with fresh poultry meat and eggs every day.

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.

LATEST NEWS

spot_imgspot_imgspot_img