Western Union international money transfer system is prohibited in Armenia.

According to the Armenian Central Bank Council August 25 decision, Western Union international money transfer system is prohibited in Armenia. The council decided to prohibit participation of the Armenian banks in the mentioned system and annul the contracts with it. The decision is motivated by the Armenian banks’ risk management.

To recall, Azerbaijan has recently demanded that Western Union, Money Gram and other money transfer systems should stop their operation in the Republic of Nagorno Karabakh, otherwise, it would prohibit those systems’ operation in Azerbaijan. After that, Western Union and Money Gram stopped their operation in Stepanakert branches of “Artsakhbank”, “Unibank” and “Armeconombank”.

In fact, the Central Bank of Armenia gave an adequate answer prohibiting the operation of the Western Union in Armenia.

To our question if the other systems continue to operate in Armenia, the press service of the Central Bank of Armenia answered positively. Consequently, only Western Union believed in the Azerbaijani threats. The other systems in Armenia will hardly want to be deprived of the Armenian market. Though in that case they will probably lose their opportunity of functioning in Azerbaijan.

Anyway, the Armenian-Azerbaijani conflict this time again with the efforts of the Azerbaijani party moved to the sphere of money transfers.

azg.am

4 Comments

Filed under armenia, azerbaijan, karabakh, NKR

4 responses to “Western Union international money transfer system is prohibited in Armenia.

  1. Pingback: Western Union international money transfer system is prohibited in Armenia « The Armenian Observer Blog

  2. Arpine

    Good Done Armenia….. i’m proud… western union was stupid enought to lose one of the biggiest partners in the region, i’m sure there are so many others and there will be so many other as not to give a damn about azeri’s ,there is a nice word in Armenian ” varvac” , mentality….

  3. arti

    I say f..k the azeri motherf..ers and f..k western union.!!!
    We’re better off without them.

  4. Gevorg

    well done! one more time proud of being armenian !!!
    F*** western union, that believed to azeri crap …

    bad for u, u lost the biggest partner in that region😛

    good job Armenia !

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s