Pashinyan: Armenia to reduce the number of cash transactions

YEREVAN, February 1. /ARKA/. Armenian Prime Minister Nikol Pashinyan told a discussion of the draft law on non-cash transaction that his government will be consistent in reducing the number of cash transactions since this issue is important not only from the point of view of the economy, the fight against corruption, but also in a civilizational sense.

He emphasized that the process of increasing the number and volume of non-cash transactions and digitizing electronic transactions and functions is one of the significant directions. He said this process will lead to serious changes in the quality of life of the citizens.

During the meeting it was noted that over the past two years, the number of cashless transactions has increased several times, including through foreign bank cards.

The participants also touched upon measures aimed at stimulating cashless operations, providing appropriate infrastructures and the forthcoming steps in this direction.

The head of government instructed the heads of relevant agencies to elaborate the draft law, taking into account the submitted proposals and observations. – 0–

spot_img

POPULAR

Idram and IDBank continue their traditional series of financial and digital literacy training programs

Idram and IDBank continue their traditional series of financial and digital literacy training programs.

Wildberries and Unibank in Armenia Launch Installment Purchase Service

Wildberries, in partnership with Unibank, will provide customers in the Republic of Armenia with the opportunity to purchase goods in installments.

Euro and ruble exchange rates against the Armenian dram rose, while the dollar weakened: Central Bank of Armenia

The average market exchange rate for the US dollar against the Armenian dram, formed on the Armenian foreign exchange market as of June 9, 2026, fell by 0.08 points compared to June 8, to 368.45 drams.

Special conditions for business development: ACBA Bank

ACBA Bank has unveiled special business financing offers for the development of small and medium-sized enterprises in Armenia, which are effective until July 31 inclusive.

EBRD has appointed a new head of its office in Armenia

The European Bank for Reconstruction and Development (EBRD) has appointed Remon Zakaria as the new head of its Yerevan Resident Office, effective 1 September 2026, replacing George Akhalkatsi.

LATEST NEWS

spot_imgspot_imgspot_img