Wed, 14 January
-1.9 C
Yerevan
USD: 380.33 RUB: 4.84 EUR: 443.24 GEL: 141.16 GBP: 511.62

Armenian banks’ cards used outside country to make 6 billion drams worth transactions

YEREVAN, May 26. /ARKA/. The total amount of transactions made outside of Armenia in 2016 March by using Armenian commercial banks’ plastic cards grew by 3.3% from the previous month to 6 billion, according to the latest issue of the Central Bank’s monthly bulletin for March. Their number grew by 3.5% to 173,700, it said.

The amount of cashless transactions made by using plastic cards in 2016 March rose by 3.5% over the previous month to 4.5 billion drams.

The central bank says also the cash withdrawn by using plastic cards abroad totaled the equivalent of 1.52 billion drams, a 2.8% growth over February.

Twenty commercial banks in Armenia issue and service  plastic cards, and 18 of them are members of the national ArCa payment system. (US$1 – 477.78 drams).–0–

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Armenia approves amendments to agreement on automatic exchange of financial account information

During a meeting on Thursday, the Armenian government gave its approval to a draft law that ratifies the amendment to the Multilateral Agreement of Competent Authorities regarding the "Automatic Exchange of Financial Account Information," which was signed on October 14, 2014.

Market capitalization increased by 6.29% in December to approximately 467 billion drams – Armenia Stock Exchange

 Armenia Stock Exchange (AMX) has summarized the trading activity for December 2025. During the month, a dynamic trading environment has been maintained, highlighting growing investor confidence and market activity.

Armenia’s financial system in December 2025: interest rate declines, lending grows

In December 2025, Armenia's financial market was characterized by a combination of moderate monetary easing, continued high growth rates in bank lending, and the continued development of capital market instruments.

LATEST NEWS

spot_imgspot_imgspot_img