NON-CASH TRANSACTIONS INCREASE UP TO AMD 6,664BLN IN ARMENIA IN 2006

Arka News Agency, Armenia
Feb 19 2007

YEREVAN, February 19. /ARKA/. The volume of non-cash transactions
increased by 1.4 times and made AMD 6, 664bln in Armenia in 2006 as
compared to 2005.

Of that, payments through payment systems of the Central Bank of
Armenia (CBA) made AMD 4,815bln by the end of 2006 – a 1.6-fold
(AMD 1,818bln) increase, the CBA’s press service reported.

A 1.2-fold increase was recorded in the number of non-cash
transactions, bringing it to 2,422,060, with payments through CBA
payment systems making up 1,053,339.

The average daily volume of money transfers through CBA systems
totaled AMD18.8bln (AMD7bln increase), with the average number of
transfers being 4,115 per day (increased by 761). Of them, AMD5.7bln
was due to increase in transfers related to operations on the stock
exchange. ($1 = AMD354.99).