“Golden Crown” has restricted money transfers from Russia to Armenia and several other countries

YEREVAN, July 24. /ARKA/. The “Golden Crown” payment system has restricted money transfers from Russia to Armenia, Georgia, Kazakhstan, and several other countries following the imposition of new EU sanctions, Russian media report.

According to available information, the service’s app and website list Kyrgyzstan, Turkey, and Uzbekistan as available transfer destinations from Russia, while Armenia, Georgia, Azerbaijan, and Kazakhstan are not listed.

Golden Crown’s customer support told RBC that some transfer destinations are currently unavailable. The operator did not specify a full list of affected countries, the reasons for the restrictions, or a timeframe for lifting them.

At the time of publication, Golden Crown had not issued an official statement banning or completely stopping transfers to Armenia and other countries.

The restrictions arose after RNKO Payment Center, the operator and settlement center of the Golden Crown payment system, was included in the EU’s new sanctions list.

spot_img

POPULAR

Euro and ruble exchange rates against the Armenian dram rose, while the dollar weakened: Central Bank

The average market exchange rate of the US dollar to the Armenian dram, formed on the Armenian foreign exchange market, fell by 0.34 points on September 4, 2026, compared to September 3, to 363.85 drams.

EDB forecasts inflation in Armenia at 4.4% by the end of 2026

Inflation in Armenia will reach 4.4% year-on-year by the end of 2026, according to the Eurasian Development Bank (EDB).

“Anomaly in the Armenian market: Some bank bonds are trading at a yield lower than sovereign Eurobonds — KK Partners

The authors of the study "Free Lunch in Yerevan: An Arbitrage Anomaly in the Armenian Bond Market" draw attention to the unusual ratio of bank and sovereign bond yields for the debt market.

Up to AMD 1 billion in business financing: Byblos Bank Armenia’s new offer

Byblos Bank Armenia is offering preferential terms for businesses seeking financing or refinancing, including:

Armbanks Weekly Digest: Key Events in Armenia’s Financial Market (August 31 – September 6)

Armenia's financial agenda this week focused on capital market development, macroeconomic indicators, and attracting international financing for government programs.

LATEST NEWS

spot_imgspot_imgspot_img