Government to place greater emphasis on non-cash circulation as strategic decision

The Armenian government has decided to focus on digitalization, which will result in increased non-cash circulation. Prime Minister Nikol Pashinyan announced Wednesday during a Q&A session with Cabinet members in parliament.

"We have made a strategic decision to place greater emphasis on digitalization in the near future, and as a result to an increase in non-cash circulation," Pashinyan said.

The Prime Minister also addressed rumors that banks could benefit from this shift. "When a person keeps cash, its security does not count as money, but rather as an expense. Or, for example, when cash is lost, etc.," Pashinyan explained.

Pashinyan also reminded the public of the possibility of cashback for certain expenses in the context of the universal declaration system.

He urged people to opt for cashless shopping, so that when such a decision is made, it can be extended to everyone.