GROWTH OF OPERATIONS CARRIED OUT THROUGH PAYMENT SYSTEMS AND WITH PAYMENT INSTRUMENTS REGISTERED IN ARMENIA IN 2007

Noyan Tapan
Feb 21, 2008

YEREVAN, FEBRUARY 21, NOYAN TAPAN. By examining the indices
characterizing the payment and settlement sector, the Central Bank of
Armenia (CBA) concluded that there was a growth of operations carried
out through the payment systems and with payment instruments in 2007.

According to the CBA press service, the total amount of cashless
payments made 9 trillion 263 bln drams or about 27 bln 78.5 mln USD
in 2007 in Armenia (their number made 3,583,223), with the amount
of payments through the CBA payment systems making 8 trillion 787
bln drams, while their number – 1,401,461. The amount of cashless
payments made through the CBA payment systems in 2007 increased by
82.5% or 3 trillion 972 bln drams, while their number – by 33% or
348,122 payments as compared with 2006.

The average daily amount of money transfers carried out through the
CBA payment systems made about 34 bln drams, while their number made
5,474. The average daily amount of money transfers grew by 15.5 bln
drams, their number – by 1,360 as compared with 2006.