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Daily Archives: Feb 16, 2024

Remittance outflows from Armenia up 55% to $4 billion in 2023- EDB

Remittance outflows from Armenia soared by 55% in 2023 to  $4 billion in 2023, leading to a 36% YoY decline in net cross-border remittances, the Eurasian Development Bank says in a  macroeconomic review for February 2024

EDB expects refinancing rate in Armenia to drop to 8% in the first half of the year

The Eurasian Development Bank (EDB) expects the Central Bank of Armenia to cut the refinancing rate again in the first half of this year

Armenian Card ceases  operations in arca.am application

Armenian Card (ArCa) national payment system and processing center said  it will cease operations in the arca.am app from April 15, 2024