YEREVAN, November 27. /ARKA/. The Central Bank of Armenia invites companies with a rich experience and knowledge in payment and settlement area for launching a single money transfer system ARUS, the regulator’s press office reported on Monday.

To strengthen stability of Armenia’s financial sector and taking into account the important role of remittances in it and some problems identified in dealing with international money transfer systems, the central bank embarked in July 2016 on creation of a single money transfer system ARUS.

ARUs system is a joint idea of the country’s regulator and commercial banks.

Categories: Banks @en, Economy @en, General news, News, News of the hour, Новости | Comments Off on Armenian central bank working now to introduce single money transfer system ARUS

Tags: Armenia, ARUS, money transfer system

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