Tue, 10 June
24.1 C
Yerevan
USD: 384.44 RUB: 4.83 EUR: 434.11 GEL: 140.51 GBP: 515.15

Armenian deputy prime minister commens on the need to switch to cashless payments as part of the fight against coronavirus

YEREVAN, March 30. /ARKA/. Speaking at a news conference today, Armenian Deputy Prime Minister Mher Grigoryan commented on the need to reduce cash flow in the country and switch to cashless payments as part of the fight against the spread of coronavirus.

“Of course, cash payments in this situation is a problem, but the question is how efficiently can we switch to non-cash payment, and not to change one cash instrument with a more dangerous cash analogue,” Grigoryan said.

The Deputy Prime Minister said the draft law on the reduction of cash turnover received conceptual approval, and, in his opinion, should be adopted quickly.

He said reducing cash turnover and moving to non-cash is a problem, but if events develop in such a way that the pace of this reduction will not be enough and cash circulation will become a threat, then the Central Bank will have something to think about.

The Union of Banks of Armenia called earlier on citizens to make non-cash payments as one of the measures to combat the spread of coronavirus.

From March 16 to April 14, a state of emergency is in force in Armenia. The goal is to curb the spread of coronavirus. On March 24, the government imposed stringent restrictions on the movement of citizens and banned some types of economic activity until March 31.

As of March 30, in Armenia, 482 confirmed cases of coronavirus were reported. Thirsty people recovered and three patients died. ($1 – 498.43 dram). –0–

spot_img

POPULAR

Euro and ruble exchange rates to the Armenian dram fell, the dollar rose

The average market exchange rate of the US dollar to the Armenian dram, formed on the Armenian currency market as of June 6, 2025, increased by 0.06 points compared to June 5 and amounted to 383.46 drams.

Mechanism to stimulate cashless payments to be developed in Armenia

On Friday, the Armenian government held a meeting on issues related to stimulating cashless payments in the country.

Acba Bank and NABU launch free 2025 program for organic agriculture development

Acba Bank and the Armenian branch of the German "Nature and Biodiversity Conservation Union" (NABU) are launching a free 2025 Organic Agriculture Development Program, the bank's press service reported.

Dollar and euro exchange rates to the Armenian dram fell again, while the ruble rose

The average market exchange rate of the US dollar to the Armenian dram, formed on the Armenian currency market as of June 4, 2025, fell again by 0.1 points compared to June 3 and amounted to 383.76 drams.

AMX introduces remote membership model, opening doors to international investors

The Armenia Securities Exchange (AMX) and the Central Depository have introduced a Remote Membership model, which is aimed at providing access to foreign investors to the Armenia Securities Exchange, the press service of the exchange reported.

LATEST NEWS

spot_imgspot_imgspot_img