What is Armenia’s national currency?
The currency of Armenia is the Armenian dram. It was introduced on November 22, 1995 and replaced the Soviet ruble.
The Armenian Dram is the official currency of Armenia and is issued and regulated by the Central Bank of Armenia. The Armenian Dram was introduced when Armenia regained its independence in 1991 after the collapse of the Soviet Union. It’s not widely traded outside of the country, but it is accepted as payment by some international hotels.
The Armenian dram is subdivided into 100 luma (լումա). There are coins of 10, 20, 50, 100, 200, 500 drams and many banknotes for 1000, 5000, 10000, 20000, 50000 and 100000 drams. Dram not widely traded outside of the country, but it is accepted as payment by some international hotels.
Armenian Dram symbol
The Armenian Dram’s symbol is “֏”, based on the Armenian letter Դ (D). The abbreviation AMD is used to symbolize the currency in international financial transactions, an abbreviation that derives from English “Armenian dram.”
What is the Armenian Dram exchange rate to US dollars?
As of 2021 one US Dollar (USD) equals to approximately 480 dram (AMD). The exchange rate between USD and AMD is not fixed and changes based on market movements. The Armenian Dram can be exchanged for USD, EUR or another currency at any bank or currency exchange office in Armenia.