{"id":250413,"date":"2022-06-23T19:22:57","date_gmt":"2022-06-23T19:22:57","guid":{"rendered":"https:\/\/armbanks.am\/2022\/06\/23\/250413\/"},"modified":"2022-06-23T19:22:57","modified_gmt":"2022-06-23T19:22:57","slug":"government-to-release-5-6-billion-drams-to-support-cashback-initiative-for-pensioners","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2022\/06\/23\/250413\/","title":{"rendered":"Government\u00a0to\u00a0release 5.6 billion drams to support cashback initiative for pensioners"},"content":{"rendered":"\n<p><strong>YEREVAN, June 23. \/ARKA\/<\/strong>.\u00a0\u00a0The Armenian government has decided today to allocate 5.66 billion drams to support a cashback project\u00a0designed for pensioners and beneficiaries of social allowances.<\/p>\n\n\n\n<p>The cashback initiative was approved by the government on June 23.&nbsp;&nbsp;According to the government&#8217;s decision, pensioners and beneficiaries of social allowances will receive a monthly 10% cashback for non-cash transactions, but no more than 5,000 drams if they use their bank cards to pay for goods and services.<\/p>\n\n\n\n<p>The decision comes into force on July 1, 2022. The program will be implemented in cooperation with commercial banks.<\/p>\n\n\n\n<p>The government believes that the cashback initiative is supposed to mitigate the negative effects of inflation, boost non-cash transactions, increase consumer knowledge about modern financial instruments and technologies and expands the scope of their application.<\/p>\n\n\n\n<p>The Ministry of Labor and Social Affairs said that the decision will also apply to utility payments if they&nbsp;are&nbsp;made through ATMs of the bank that issued the&nbsp;pension card.<\/p>\n\n\n\n<p>VTB Bank Armenia, Ardshinbank and Armbusinessbank have already joined the project.&nbsp;($1 &#8211; 410.82 AMD). &#8211;0&#8211;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Armenian government has decided today to allocate 5.66 billion drams to support a cashback project\u00a0designed for pensioners and beneficiaries of social allowances<\/p>\n","protected":false},"author":1,"featured_media":199187,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[12139,9216],"tags":[],"class_list":{"0":"post-250413","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy-en","8":"category-news"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/250413","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=250413"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/250413\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media\/199187"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=250413"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=250413"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=250413"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}