Tue, 22 July
26.1 C
Yerevan
USD: 383.74 RUB: 4.93 EUR: 450.05 GEL: 141.25 GBP: 521.81

Volume of transactions made by Armenian banks’ cards abroad almost doubled in first half of 2022

YEREVAN, August 26. /ARKA/. Banking cards issued by Armenia-based banks were used to make 6,139,854 transactions abroad in the first half of 2022, up 78.2% from the same time span of 2021, according to the Union of Banks of Armenia.

In terms of money, these transactions amounted to  158. 6 billion drams, an increase of 98.7% from the first six months of 2021.

The number of transactions made by these cards in Armenia grew by 38.4% to 71,343,502 worth a total of 1.7 trillion drams, up 23, 84% from the first half of 2021.

The number of transactions made in Armenia with foreign-issued cards also grew by 30.1% to 3,523,467 worth 132.9 bln drams, up 8.4%.

In total, according to the Union of Banks of Armenia, in the first half of 2022 the number of issued payment cards rose by 3.5% to 2,798,236. Compared to 2011, their number surged by 186.2%. ($1 – 404.82 AMD) -0-

spot_img

POPULAR

Armenia’s economy to stabilize on 5.5% growth trajectory in 2025 – EDB forecast

According to EDB forecasts, Armenia's economy will stabilize on a 5.5% growth trajectory with domestic demand remaining the main driver of development.

A scheme for stealing funds through fake investment platforms  exposed in Yerevan

A criminal group operating in one of the capital's business centers and stealing citizens' money through Internet calls has been exposed in Armenia, the Investigative Committee of Armenia reports.

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Euro and dollar rise against Armenian dram, as Russian ruble falls slightly

The average market exchange rate of the US dollar against the Armenian dram as of July 14, 2025, increased by 0.23 points compared to July 11 and amounted to 384.14 drams.

Armenian Market: Acceleration of Economic Activity is Positive for the Market

In the period from June 16 to June 30, 2025, the Armenian stock market demonstrated mixed dynamics.

LATEST NEWS

spot_imgspot_imgspot_img