531,000 pensioners in Armenia are already receiving cashback for non-cash transactions: minister

YEREVAN, May 19. /ARKA/. As of April 2026, 531,000 pensioners and benefit beneficiaries in Armenia were using the cashback program for non-cash purchases, according to RA Minister of Labor and Social Affairs Arsen Torosyan.

“In January 2026, their number was 400,000. Thus, this year alone, the number of beneficiaries has increased by 130,000,” Torosyan wrote on Facebook.

The minister noted that the average monthly cashback has actually increased from 4,000 to 8,000 drams. “It’s safe to say that for almost everyone, pensions have increased, on average, not by 10,000 drams, but by 18,000 drams, and this amount will approach 20,000 drams,” Torosyan said.

About cashback on benefits and pensions
Since July 1, 2022, a cashback program for non-cash payments for purchases and utilities has been in effect in Armenia for pensioners and benefit recipients. By government decision, the program has been extended until December 31, 2026.

Initially, the cashback amount was 10% of monthly expenses, up to 5,000 drams; later, it was increased to 12%, up to 6,000 drams. Effective January 1, 2026, the cashback amount has been set at 20%, up to 10,000 drams per month. Payments are made until the 25th of the month following the reporting month.

spot_img

POPULAR

Central Bank of Armenia raised its interest rate for the first time in over three years, to 6.75%

At its meeting on Tuesday, the Board of the Central Bank of Armenia decided to raise the monetary policy rate by 0.25 percentage points to 6.75%.

Acba Bank is a market maker for EBRD bonds in Armenia

Acba Bank will act as a market maker for dram-denominated bonds of the European Bank for Reconstruction and Development (EBRD) on the Armenia Securities Exchange (ASE), ensuring their liquidity in the secondary market, the bank's press service reported.

Demand and potential economic problems: head of the Central Bank of Armenia named the reason for the rate hike and the conditions for its...

The decision of the Board of the Central Bank of Armenia to raise the refinancing rate was primarily due to excessive demand factors, Central Bank Governor Martin Galstyan stated in response to a question from ARKA news agency.

Food prices account for 57% of inflation in Armenia – WB

Food and non-alcoholic beverage prices account for 57% of inflation, despite a slowdown in their growth rate from 8.6% in June to 6.4% in August, according to the World Bank's Armenia "Monthly Economic Update – September 2026."

Armenia’s health insurance package has not been reduced since the beginning of the year, and services have not become fee-based – Avanesyan

Since January 1, no changes have been made to Armenia's health insurance package that would lead to a reduction in services or the transition of any of them to a fee-based basis, stated RA Health Minister Anahit Avanesyan.

LATEST NEWS

spot_imgspot_imgspot_img