Annual Report 2019 slide image

Annual Report 2019

CENTRAL BANK OF ARMENIA ISSUANCE OF CURRENCY AND ORGANIZING MONEY CIRCULATION To ensure circulation of the national currency, the Central Bank organizes, regulates and oversees circulation of the Armenian Dram while adhering to the principles of convenience, efficiency, continuity and reliability. During the year, the Central Bank completely secured the demand for cash in the economy in the required volume, nominal value, quality and timing. The Central Bank delivered cash services to its customers in regions of Armenia and the Republic of Artsakh through Yerevan- based cash center and regional cash centers (RCC) of Dilijan, Sisian and Syuniq. In 2019 cash circulation of the Central Bank increased by 17.8% compared to the previous year. Regional cash centers provided 16.2% of total cash circulation of the Bank. Like in previous years, most RCC transactions were for cash withdrawal, constituting 82% of their total turnover. Figure 9: Cash circulation of the Bank in 2019 ANNUAL REPORT 2019 58 83.8% Yerevan Cash Center ■9.9% Dilijan Cash Center 2.3% Syuniq Cash Center ■4.1% Sisian Cash Center
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