YEREVAN, August 25–As of the end of the second quarter of 2010, 20 commercial banks of the Republic of Armenia issued and serviced credit cards, 19 out of which were members of one uniform payment system, ArCA. According to the press center of the Central Bank of Armenia, at the end of the second quarter [...]

By Alexander Tagvoryan YEREVAN, July 14–The Central Bank of Armenia released a statement announcing that it has left the refinancing rate unchanged at 7.25 percent. In June 2010, the deflation against May of the same year was at 0.8 percent. The inflation rate during the 12 months amounted to 5.8 percent, which is 0.5 percent [...]