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

Grant Akopian Appointed CEO and Chairman of the Management Board of Converse Bank

Converse Bank CJSC announces the appointment of Grant Akopian as Chief Executive Officer and Chairman of  the Management Board of the Bank.

500-Dram Coins Remain in Circulation in Armenia Following Removal of Old Banknotes

500-Dram coins remain in circulation in Armenia; the decision to withdraw old-generation banknotes from circulation does not apply to them, according to a statement from the Central Bank's press service.

Assets of Armenian banks increased by 16.67% to 13.15 trillion drams as of the end of Q1 2026

Total assets of Armenian banks as of March 31, 2026, amounted to 13.1 trillion drams, an increase of 16.67% compared to March 31, 2025.

Armenia’s gross reserves rose to $5.5 billion in March, providing 4.1 months of import coverage – WB

Gross reserves in Armenia increased to $5.5 billion at the end of March, equivalent to 4.1 months of import coverage, according to the World Bank's "Armenia Monthly Economic Update – March 2026."

Euro ups against dram, while the dollar and ruble fall

The average market exchange rate for the US dollar to the Armenian dram, formed on the Armenian foreign exchange market as of April 17, 2026, decreased by 0.35 points compared to April 16, to 373.81 drams.

LATEST NEWS

spot_imgspot_imgspot_img