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CBA's Response To Armenian Programmers' Letter: Negotiations Are Con

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  • CBA's Response To Armenian Programmers' Letter: Negotiations Are Con

    CBA'S RESPONSE TO ARMENIAN PROGRAMMERS' LETTER: NEGOTIATIONS ARE CONDUCTED WITH PAYPAL TO LIFT RESTRICTIONS FOR ARMENIA
    by Karina Melikyan

    ARMINFO
    Tuesday, July 16, 19:37

    The mass media have recently published Armenian programmers' letter
    addressed to the chairman of the Central Bank of Armenia (CBA). The
    letter asked the CBA to explain why Google AdSense and Paypal do not
    work with Armenia. The ArmInfo News Agency has applied to the CBA to
    comment on the issue.

    The CBA's statement reads: "According to its policy, the Central
    Bank of Armenia does not reply to anonymous letters but, giving high
    priority to open contacts with the public, the Bank has found it
    reasonable to comment on the problem raised in the letter".

    The source says that Google AdSense is created for payments via
    EFT (Electronic Fund Transfer) to the accounts of other website
    owners for the Google ads on their websites. Unfortunately, for the
    moment Google AdSense is operating in 29 out of 257 countries. In
    particular, it operates only in 18 out of 28 EU countries, as well as
    in Australia, Canada, Hong Kong, Israel, Japan, Mexico, New Zealand,
    Norway, Switzerland, Turkey and the United States. This list gradually
    covers more countries, including those in Eastern Europe and Asia.

    As regards Paypal, the users registered in this system can make
    transfers from Armenia via Paypal, but unfortunately, cannot transfer
    funds to their Paypal accounts or accounts in the Armenian banks. The
    Central Bank of Armenia continues looking for solutions to this problem
    and is negotiating with Paypal to lift the restrictions for Armenia.

    In addition, the CBA emphasizes that the specified organizations are
    commercial and base their business policy on their own strategy with
    due regard for economic reasons.



    From: Emil Lazarian | Ararat NewsPress
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