On Introducing Changes and Additions to the Republic of Armenia Central Bank Board Resolution No. 168-N of October 14, 2016

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On Introducing Changes and Additions to the Republic of Armenia Central Bank Board Resolution No. 168-N of October 14, 2016

2026-09-25

THE CENTRAL BANK OF THE REPUBLIC OF ARMENIA BOARD RESOLUTION

September 25, 2026; No. 258-N

On Introducing Changes and Additions to the Republic of Armenia Central Bank Board Resolution No. 168-N of October 14, 2016

Date of publication: 01.10.2026

For the purpose of establishing new requirements for payment and settlement documents for a broader spectrum of services by payment and settlement service providers, as well as requirements for the payment and settlement documents used by payment and settlement organizations; In view of Article 2(3), Article 5(1)(c) and (2)(e) of the Republic of Armenia Law “On the Central Bank of the Republic of Armenia”; Article 17(2) of the Republic of Armenia Law “On Payment and Settlement Systems and Payment and Settlement Organizations”; Article 3(3) of the Republic of Armenia Law “On Transfer of Funds by Payment Order”; Article 12(2)(5) of the Republic of Armenia Law “On Accounting”; Article 3 of the Republic of Armenia Law “On Public Services Number”; Article 8 of the Republic of Armenia Law “On Medical Care and Service to the Population”; and Article 380.1(1.2) and Article 381(3)(20) of Tax Code of the Republic of Armenia; and Pursuant to Article 20(1)(e) of the Republic of Armenia Law “On the Central Bank of the Republic of Armenia”; and Article 33 and Article 34 of the Republic of Armenia Law “On Normative-Legal Acts”,

the Board of the Central Bank of the Republic of Armenia

Enacts:

1. Make the following amendments and additions to the “Minimum Requisites of Documents Used in the Execution of Payment and Settlement Transactions and Rules for their Completion” (hereinafter referred to as the “Procedure”) approved by Board Resolution No. 168-N, dated October 14, 2016, of the of the Central Bank of the Republic of Armenia “On Approving the Minimum Requisites of Documents Used in the Execution of Payment and Settlement Transactions and Rules for their Completion and Repealing CBA Board Resolution No. 131-N of May 20, 2004, as well as Amending and Supplementing CBA Board Resolutions No. 300-N of November 4, 2014, No. 2-N of January 13, 2015, No. 18 of February 1, 2000, and No. 97 of April 25, 2000”:

2. This resolution to take effect starting October 2, 2026.

Martin Galstyan Governor, Central Bank of the Republic of Armenia c. Yerevan

.

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1. Amend Clause 3(4) of the Procedure to read as follows:
   “4) Transfer: a process aimed at the full execution of the payment and settlement service as defined in Article 17(1)(c) the Republic of Armenia Law “On Payment and Settlement Systems and Payment and Settlement Organizations”, whereby an organization entitled to provide payment and settlement services accepts monetary funds and the required instruction from a payer – either in cash or from their bank or electronic money account (hereinafter also referred to as the “Account”) – and makes said funds available to the beneficiary, either in cash or via the beneficiary’s Account.” An exception to this clause is the depositing of funds into the beneficiary’s Account or the withdrawal (cashing out) of funds from the Account by the payer, in cases where, at the time of the deposit or withdrawal (cashing out), it is possible to identify that the payer or the recipient of the funds and the beneficiary are the same person.”;

2. In Clause 3(5) of the Procedure, replace the words “using a procedure on the installation and operation of automated self-service devices and the execution of financial transactions through them” with the words “using a procedure for execution of financial transactions through automated self-service devices”;

3. Supplement the Procedure after Clause 3(13) with new sub-clauses 14 and 15 reading as follows:
   “14) Electronic Healthcare System, according to the meaning defined in the Republic of Armenia Law “On Medical Care and Services to the Population”.

4. Personalized identification code for the relevant medical service generated by the Electronic Healthcare System (hereinafter ‘code’), according to the meaning defined in the Tax Code of the Republic of Armenia.”;

5. After Clause 12 in the Procedure, supplement a new sub-clause 12.1, reading as follows:
   “12.1. Personalized identification code for the relevant medical service, generated by the Electronic Healthcare System, must be included and entered in the payment document as prescribed by this Procedure in cases where cash or money transfer for medical aid and medical service is paid using a device that processes depositing of cash or, at a branch of a financial institution.”;

6. After Clause 14(“e”) in the procedure, supplement a new sub-clause “e1”, reading as follows:
   “e1. a code generated by Electronic Healthcare System, or”;

7. Amend the 21st row of the table in Clause 17(1) of the Procedure to read as follows:
   “
   | 21 | document serving as the basis for payment | mandatory | mandatory in the cases defined in Clause 12.1 of this Procedure | mandatory in the cases defined in Clause 12.1 of this Procedure |
   ”

8. Amend Clause 17(11) of the Procedure to read as follows:

“11) The inclusion and completion of the fields ‘document serving as the basis for payment’ and ‘type and period of obligation’ are mandatory only when prescribed by the legal acts of the Republic of Armenia. The inclusion and completion of the field ‘document serving as the basis for payment’ is mandatory where cash payment or transfer for services by organizations and individual entrepreneurs providing medical aid and services is made using a device that processes depositing of cash, or at a branch of a financial institution. In other cases, the information required for these fields may be reflected in the field ‘purpose of transaction.”