Cashless Payments Increase 1.4 Fold in Armenia in 2006

CASHLESS PAYMENTS INCREASE 1.4FOLD IN ARMENIA IN 2006

YEREVAN, FEBRUARY 16, NOYAN TAPAN. In 2006, a growth of operations
through various payment systems and by means of payment instruments was
registered in Armenia. According to the press service of the Central
Bank of Armenia (CBA), 2 mln 422 thousand 60 cashless payments of the
total amount of 6 trillion 664 billion drams (1 bln 601 mln 769
thousand USD) were made in 2006. 1 mln 53 thousand 339 payments of the
total amount of 4 trillion 815 billion drams were made through the CBA
payment systems. In 2006, the amount of cashless payments increased
1.4fold (by 1 trillion 791 thousand drams), while their number – 1.2
fold (411,952). The amount of payments through the CBA payment systems
increased 1.6fold (by 1 trillion 818 billion drams), while their number
grew 1.2fold and made 194,861. The average daily amount of money
transfers through the CBA payment systems made 18.8 bln drams, the
number of such transfers made 4,115. The average daily amount of money
transfers grew by 7 bln drams (the number – by 761) compared with 2005,
with 5.7 bln drams of this amount being conditioned by a growth in
transfers related to stock exchange operations.

From: Emil Lazarian | Ararat NewsPress

Emil Lazarian

“I should like to see any power of the world destroy this race, this small tribe of unimportant people, whose wars have all been fought and lost, whose structures have crumbled, literature is unread, music is unheard, and prayers are no more answered. Go ahead, destroy Armenia . See if you can do it. Send them into the desert without bread or water. Burn their homes and churches. Then see if they will not laugh, sing and pray again. For when two of them meet anywhere in the world, see if they will not create a New Armenia.” - WS