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).