{"id":250366,"date":"2022-06-02T09:59:35","date_gmt":"2022-06-02T09:59:35","guid":{"rendered":"https:\/\/armbanks.am\/2022\/06\/02\/250366\/"},"modified":"2022-06-02T09:59:35","modified_gmt":"2022-06-02T09:59:35","slug":"armenia-reduces-use-of-cash-transactions","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2022\/06\/02\/250366\/","title":{"rendered":"Armenia\u00a0reduces use of cash transactions"},"content":{"rendered":"\n<p><strong>YEREVAN, June 2. \/ARKA\/. <\/strong>Reducing cash transactions is one of the important directions of the Armenian government\u2019s reform\u00a0agenda, Prime Minister Nikol Pashinyan said during a government session on Thursday.<\/p>\n\n\n\n<p>He said starting July 1, it will be impossible to buy and sell apartments and vehicles for cash.<\/p>\n\n\n\n<p>&#8216;All transactions must be non-cash, otherwise they can be invalidated. We want to simplify people&#8217;s lives, to ensure the fiscal and anti-corruption effects. This is the first or second step in this direction, the work is not over,&#8221; Pashinyan said.<\/p>\n\n\n\n<p>On January 18 this year, Armenian parliament passed a law on non-cash payments and a number of related laws, introducing a threshold of 300 thousand drams for cash transactions by individuals.<\/p>\n\n\n\n<p>The Prime Minister said&nbsp;today&nbsp;that&nbsp;reducing&nbsp;the use of cash&nbsp;the money will be left&nbsp;at the disposal of banks, which will give additional opportunities to finance the economy.<\/p>\n\n\n\n<p>He reminded that online casino betting with cash is also prohibited.&nbsp;On May 25 the National Assembly of Armenia approved a bill that calls for restricting gamblers&#8217; chances to top up their accounts. There are now three ways for gamblers to make bets: with cash, with e-money and non-cash through bank accounts or payment cards.&nbsp;&nbsp;After the bill signed into law it will immediately ban betting with cash; in another 6 months it will ban bets via electronic money and only the non-cash method will remain.&nbsp;<\/p>\n\n\n\n<p>Also, from July 1, all kinds of medical services&nbsp;in&nbsp;Yerevan&nbsp;are to be paid for by&nbsp;cashless&nbsp;method.&nbsp;Deputy Prime Minister Mher Grigoryan added&nbsp;today&nbsp;that the transition to cashless payments is of great importance for interest rates&nbsp;as it&nbsp;stimulates affordable lending, both consumer and mortgage. ($1&nbsp;=&nbsp;AMD 445.64). -0-<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reducing cash transactions is one of the important directions of the Armenian government\u2019s reform\u00a0agenda, Prime Minister Nikol Pashinyan said during a government session on Thursday<\/p>\n","protected":false},"author":1,"featured_media":193238,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[9214,12139,9216],"tags":[],"class_list":{"0":"post-250366","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-banks-en-en","8":"category-economy-en","9":"category-news"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/250366","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/comments?post=250366"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/250366\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media\/193238"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=250366"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=250366"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=250366"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}