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Noncash payment increases in Armenia

09:35, 09.06.2012 Region: Armenia Theme: Economics

YEREVAN. – Noncash transactions amounting AMD 2.2 trillion in March were increased by 4.5 percent, as compared to previous month, Central Bank of Armenia reports. Majority of transactions – about AMD 1.6 trillion or 72 percent of overall transactions – were carried out on vouchers. At the same time, online transactions made AMD 612 billion, which is a reduction by 15 percent, as compared to previous months. As for noncash card transactions, they were increased but not so significant, making just AMD 5.6 billion. Instead cards are used widely to take cash, as over AMD 50 billion cash is reseived from ATMs per months.

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