Tue, 15 July
28.1 C
Yerevan
USD: 383.74 RUB: 4.93 EUR: 450.05 GEL: 141.25 GBP: 521.81

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

Armenia approves grant agreement with ADB for $6 million seismic safety improvement program

The Armenian government approved a $6 million grant agreement between the Republic of Armenia and the Asian Development Bank (ADB) on a seismic safety improvement program at a meeting on Thursday.

Armenian government approved an agreement with the EIB for 50 million euros for the infrastructure development of Syunik

At a meeting on Thursday, the Armenian government approved a proposal to sign a financial agreement with the European Investment Bank (EIB) “Armenia - Sustainable Syunik Program, Special Investment Window 1 EFSD+” for 50 million euros.

“We want the word ‘investor’ in Armenia to mean normality, not elitism” – Freedom Broker Armenia

ARKA news agency spoke with Freedom Broker Armenia Director Ovak Ovakimian about the transformation of investment thinking, company strategy and trust as an economic value.

Euro rises by 0.94 drams against Armenian dram

The average market exchange rate of the US dollar against the Armenian dram as of July 10, 2025, dropped by 0.08 points compared to July 9 and amounted to 383.74 drams.

In Armenia, bad loans worth over $1 million have been written off under the state support program – Ministry of Social Affairs

14,757 applications for writing off bad loans have been received in Armenia within the framework of the relevant state support program, which started on February 1, 2025.

LATEST NEWS

spot_imgspot_imgspot_img