Annual Report 2019
CENTRAL BANK OF ARMENIA
International cooperation and
standards
The Central Bank's cooperation on payment and settlement
systems with central banks of the Eurasian Economic Union countries
continued in the field of implementing national payment card systems
and the ISO 20022 Standard, transmitting financial messages, making
settlements and fast payments, and developing financial technologies
and cybersecurity.
In 2019 a memorandum of understanding on transparency in
the money transfer market and directives on consumer protection was
signed under the Eurasian Council of Central Banks. This will enhance
cooperation of the countries that signed the memorandum in the field
of money transfers without opening a bank account, and will increase
the transparency of this market.
ANNUAL REPORT 2019
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