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65.96% increase in electronic cashless operations through Armenian C

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  • 65.96% increase in electronic cashless operations through Armenian C

    65.96% INCREASE IN ELECTRONIC CASHLESS OPERATIONS THROUGH ARMENIAN CB

    Arka News Agency, Armenia
    May 21 2007

    YEREVAN. May 21. /ARKA/. Electronic cashless operations through the
    Central Bank of Armenia in the 1st quarter 2007 increased by 65.96%
    and totaled AMD 1,419.9bln. According to the CBA, in January-March
    2007, the considerable share (63.1% of the total operations and 95.3%
    of their number) of payments through all the CBA payment systems was
    made by means of electronic payment system.

    Compared to January-March 2006, the number of electronic payments
    through the CBA increased by 18.55% or 40,670 and totaled 256,381. At
    the same time, non-electronic cashless operations demonstrated
    considerable growth from AMD 60.9bln in the 1st quarter 2006 to AMD
    664bln in the accounting period.

    In addition, the amount of transfers through the system of payments
    and government securities accounting totalled AMD 166.2bln against
    AMD 63bln in January-March 2006. ($1 - AMD 354.17).
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