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The central bank says also the cash withdrawn by using plastic cards abroad totaled the equivalent of 1.52 billion drams, a 2.8% growth over February.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

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