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The central bank says also the cash withdrawn by using plastic cards abroad totaled the equivalent of 1.52 billion drams, a 2.8% growth over February.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

Armbanks Weekly Digest: Key Events in the Armenian Financial Market (July 20–26)

Armenia's financial agenda last week was determined by the banking sector's first-half results, changes in the money transfer sector, and exchange rate dynamics.

Euro and ruble rose, while the dollar fell: Central Bank

The average market exchange rate of the US dollar to the Armenian dram, formed on the Armenian foreign exchange market, fell by 0.43 points on July 31, 2026, compared to July 30, to 366.2 drams.

Armenia’s $5.9 billion reserves cover more than four months of imports: former Finance Minister calls this a hedge against external shocks

Armenia's $5.9 billion international reserves cover more than four months of imports and currently provide a fairly reliable hedge against external shocks.

World Bank forecast inflation in Armenia at 4.6% in 2026: key factors identified

The World Bank forecasts inflation in Armenia at 4.6% by the end of 2026, up from 3.3% a year earlier, said Armine Manukyan, Senior Economist at the World Bank.

Moody’s Upgrades Unibank’s Rating Outlook to Positive and Affirms B1 Long-Term Deposit Ratings

Moody’s Ratings has affirmed Unibank’s long-term deposit ratings at B1, as well as its b2 BCA and Adjusted BCA.

LATEST NEWS

spot_imgspot_imgspot_img