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