Over 2 trillion drams remitted in 2016 October

YEREVAN, December 19. /ARKA/. The total amount of money transfers made by Armenian commercial banks in 2016 October by using their non-cash instruments amounted to 2.051.8 trillion drams, an increase of 7% when compared with the same period last year, according to the monthly bulletin of the Central Bank of Armenia for October 2016.

According to the Central Bank, the total number of non-cash money transfer transactions in the reporting period amounted to 2,623,641, an increase of 22.1% from October last year.

At the same time, the amount of money transfers in 2016 October made by paper payment obligations amounted to 159.2 billion drams, by electronic payment obligations – to 1.867.3 billion drams, money transfers by checks amounted to 535 million drams, non-cash transactions by cards – to 24.7 billion drams. Other debit money transfers were not carried out.

The volume of transactions made by using plastic cards amounted to 117.4 billion drams, a 0.3% growth from 2015 October, while the number of transactions amounted to 2,589,472, a 9.3% year-on-year growth.

In 2016 October, the number of banking cards in circulation stood at 2,589,472 (10.5% growth). ($ 1 – 484.17 drams). AT -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.

Euro continued to rise against the Armenian dram, while the dollar and ruble weakened: Central Bank

The average market exchange rate for the US dollar to the Armenian dram, formed on the Armenian foreign exchange market as of July 16, 2026, fell by 0.6 points compared to July 15, reaching 366.57 drams.

Fitch Expects Central Bank of Armenia to Raise Refinancing Rate

International rating agency Fitch Ratings expects a temporary increase in the refinancing rate in Armenia.

A young couple created a “honey planet” in Garni

Three years ago, young spouses Narek Sargsyan and Ruzanna Danielyan created their own "honey planet" in Garni—Bee Planet.

Dollar and euro exchange rates against the Armenian dram rose, while the ruble weakened: Central Bank

The average market exchange rate for the US dollar against the Armenian dram, determined on the Armenian foreign exchange market as of July 15, 2026, rose by 0.51 points compared to July 14, reaching 367.25 drams.

LATEST NEWS

spot_imgspot_imgspot_img