It's called a dram. This term comes from the ancient Greek word "drachma", which translates as "money". Such Armenian banknotes were put into circulation in November 1993. Along with this, the first mention of dramas dates back to the twelfth century, but at that time they were exclusively
Denominations
The authorship of the design of banknotes of the sample originally belonged to the British company "Thomas de la Rue". Two years later they were updated and designed by Giesecke & Devrient from Germany. One dram is made up of one hundred lumas. As of today, banknotes with denominations of one, five, ten, twenty, fifty and one hundred thousand drams, as well as coins with denominations of 10, 20, 50, 100, 200 and 500 drams are in circulation in the country.
History of the Armenian currency
Speaking about the currency in Armenia, one cannot fail to note the fact that paper money first appeared here during the time of the Republic in 1918. These were rubles that were in use for only two years. In 1920, the country entered, therefore, the Soviet currency was introduced into circulation. After the independence of the state was declared on September 23, 1991, it was used here for another two years, until the creation of the Central Bank. Only after that, as noted above, did the national currency of Armenia appear. Initially, money was printed, the denomination of which was 10, 25, 50, 100, 200, 500, 1000 and 5000 drams. The exchange for residents of the state was carried out on the basis of the rate of 200 rubles per dram.
In 1996, strong inflation began in Armenia, in connection with which the national money was constantly depreciating. As a result, the government several times decided to issue banknotes with a large denomination.
Appearance
The images of prominent figures of the country, as well as its historical heritage, are applied to the Armenian dram. It should be noted that the palette is quite colorful. For example, if you take a banknote, the face value of which is one thousand drams, then on it you can see a portrait of the famous local writer Yeghishe Charents. To his right, Ararat flaunts in the background. On the back of the banknote in the background there is an image of an old Yerevan building, and in the front there is a horse harnessed to a wagon.
No less beautiful is the banknote of fifty thousand drams. On the front side here is depicted and to the left of it is an inscription that says that Christianity has been a country for 1700 years. On the back you can see the images of its distributor St. Gregory and King Tiridates the Great against the backdrop of Ararat. Here, on the right, the ornament of the Kecharis church is drawn. The protection of the banknote is a watermark made in the shape of a cross.
Currency exchange
In almost all trade institutions of the country, only the national currency of Armenia is accepted for calculation. The only exceptions are large hotels, restaurants and a few shops that accept euros, US dollars or Russian rubles. Money exchange can be carried out in specialized points or in banks. It should be noted that it is better to do this in big cities, since it is often difficult to find an exchanger outside them. The situation is similar with bank cards. Quite rare even in the capital of the state Yerevan are ATMs. Banking institutions in Armenia, as a rule, work only until 16:00. In this regard, going to this country, it is better to take care of the exchange of money in advance.
As for the exchange rate, at present the currency of Armenia correlates with foreign money as follows: 1 Russian ruble - 11.9 Armenian drams, 1 euro - 567 Armenian drams, 1 US dollar - 414 Armenian drams.
According to the data of the Central Bank of the Russian Federation as of June 8, 2019, the price for 100 Armenian dram (AMD) is 0.1357 Russian ruble(RUB). Compared to the previous business day, the change was -0,0004 Russian ruble. To view the archive of the Armenian dram rate, click on the "Today" link and select the required date using the calendar.
This chart will help you quickly get information about the quotes of the Armenian dram against the ruble in the Forex market in real time. The user is given the opportunity to customize the terminal in accordance with their preferences, choosing the style of the bars, setting up the indicators. Updated online, AMD/RUB currency quotes reflect real-time Forex trading.
| date | Central Bank rate | Change | Percent |
|---|---|---|---|
| Today, Sat | 100 AMD = 13.57 USD | -0,04 RUB | -0,30 % |
| Yesterday, Fri | 100 AMD = 13.61 USD | +0,03 RUB | +0,22 % |
| 6 june, thu | 100 AMD = 13.58 USD | -0,01 RUB | -0,06 % |
| June 5, Wed | 100 AMD = 13.59 USD | -0,05 RUB | -0,39 % |
| 4 June, Tue | 100 AMD = 13.64 USD | +0,03 RUB | +0,21 % |
| 1 June, Sat | 100 AMD = 13.61 USD | +0,06 RUB | +0,45 % |
| May 31, Fri | 100 AMD = 13.55 USD | +0,03 RUB | +0,23 % |
| May 30, thu | 100 AMD = 13.52 RUB | +0,08 RUB | +0,61 % |
| May 29, Wed | 100 AMD = 13.44 RUB | +0,01 RUB | +0,08 % |
| May 28, Tue | 100 AMD = 13.43 RUB | -0,04 RUB | -0,33 % |
| May 25, Sat | 100 AMD = 13.47 RUB | +0,02 RUB | +0,16 % |
| May 24, Fri | 100 AMD = 13.45 RUB | +0,01 RUB | +0,09 % |
| May 23, thu | 100 AMD = 13.44 RUB | -0,03 RUB | -0,19 % |
| May 22, Wed | 100 AMD = 13.47 RUB | +0,03 RUB | +0,25 % |
Dynamics of the official exchange rate of the Armenian dram against the ruble according to the data of the Central Bank of Russia
The graph shows the dynamics of changes in the value of 100 Armenian dram (AMD) against the ruble (RUB). With the help of quick links, or a horizontal ruler under the chart, you can select any period of time that interests you.
For the period you selected, the minimum price for 100 AMD was ($ min|number:4 $) Russian ruble. It was ($ min|date:"d MMMM yyyy" $) year. The maximum price for 100 Armenian Dram was recorded on ($ max|date:"d MMMM yyyy" $) year and was equal to ($ max|number:4 $) Russian ruble.
Cross-currency rates from the Central Bank of the Russian Federation
Cross-currency rates are prepared based on the official exchange rate of the Russian ruble against foreign currencies, set by the Central Bank of the Russian Federation as of June 8, 2019.
| Currency | Cross course |
|---|---|
| Ruble to Armenian Dram | 1 USD = 7.3686 AMD |
| Armenian dram to Australian dollar | 100 AMD = 0.2993 USD |
| Armenian dram to Azerbaijani manat | 100 AMD = 0.354 AZN |
| Armenian dram to Belarusian ruble | 100 AMD = 0.4368 BYN |
| Armenian Dram to Bulgarian Lev | 100 AMD = 0.3623 BGN |
| Armenian Dram to Brazilian Real | 100 AMD = 0.8096 BRL |
| Armenian Dram to Hungarian Forint | 100 AMD = 59.5273 HUF |
| Armenian Dram to Korean Won | 100 AMD = 247.5263 KRW |
| Armenian dram to Hong Kong dollar | 100 AMD = 1.6362 HKD |
| Armenian Dram to Danish Krone | 100 AMD = 1.3835 DKK |
| Armenian dram to dollar | 100 AMD = 0.2087 USD |
| Armenian Dram to Euro | 100 AMD = 0.1852 EUR |
| Armenian Dram to Indian Rupee | 100 AMD = 14.5016 INR |
| Armenian dram to Kazakh tenge | 100 AMD = 80.0353 KZT |
| Armenian dram to Canadian dollar | 100 AMD = 0.2786 USD |
| Armenian dram to Kyrgyzstani som | 100 AMD = 14,554 KGS |
| Armenian Dram to Chinese Yuan | 100 AMD = 1.4418 CNY |
| Armenian Dram to Moldovan Leu | 100 AMD = 3.7767 MDL |
| Armenian dram to Turkmen manat | 100 AMD = 0.7293 TMT |
| Armenian Dram to Norwegian Krone | 100 AMD = 1.8155 NOK |
| Armenian Dram to Polish Zloty | 100 AMD = PLN 0.7921 |
| Armenian Dram to Romanian Leu | 100 AMD = 0.8747 RON |
| Armenian Dram to SDR (Special Drawing Rights) | 100 AMD = 0.1509 XDR |
| Armenian dram to Singapore dollar | 100 AMD = 0.2853 USD |
| Armenian dram to Tajik somoni | 100 AMD = 1.9677 TJS |
| Armenian Dram to Turkish Lira | 100 AMD = 1.2231 TRY |
| Armenian dram to Uzbek sum | 100 AMD = 1 772.4129 UZS |
| Armenian dram to hryvnia | 100 AMD = 5.5396 UAH |
| Armenian Dram to Pound Sterling | 100 AMD = 0.1642 GBP |
| Armenian Dram to Czech Koruna | 100 AMD = 4.7518 CZK |
| Armenian Dram to Swedish Krona | 100 AMD = 1.9725 SEK |
| Armenian Dram to Swiss Franc | 100 AMD = 0.2074 CHF |
| Armenian Dram to South African Rand | 100 AMD = 3.1552 ZAR |
| Armenian dram to Japanese yen | 100 AMD = 22.6385 JPY |
Information about the Armenian dram
Dram is the official currency of the Republic of Armenia. Bank code - AMD. The name of this currency comes from the Greek word "drachma", which means "money". Previously, the dram consisted of 100 lums, but now these coins are not used. The symbol is the Armenian letter "Դ", crossed out twice with horizontal lines.
Before the introduction of drams into circulation in Armenia, the USSR rubles were used as a monetary means. On November 22, 1993, the Republic of Armenia introduced its own monetary unit, the right to issue which belongs exclusively to the Central Bank of Armenia. Currently, banknotes issued in 1993-1994 have been withdrawn from circulation. and coins, except for 10 drams.
There are banknotes in denominations of 50, 100, 500, 1,000, 10,000, 20,000, 50,000 and 100,000 drams, as well as coins in 10, 20, 50, 100, 200 and 500 drams. On the front side of the banknotes there are portraits of outstanding figures of Armenia, on the reverse side - architectural monuments. The obverse of the coins is decorated with the state emblem, on the reverse - the denomination framed by the national ornament.
Historical reference
The first mention of the dram dates back to 1199-1375, when this name was given to silver coins, but only at the end of the 20th century did the drams acquire the status of a national currency. A referendum on secession from the USSR was held in 1991, and the Central Bank of the new state was formed only in 1993. Until that time, Soviet rubles were used in Armenia.
Independence was given to the state at a difficult price - the Karabakh conflict and the economic blockade by Turkey and Azerbaijan became the causes of an acute shortage of gas and oil. In the autumn of 1993, it was possible to carry out a monetary reform and exchange rubles for drams. The course was 200 rubles to 1 dram. In 1996, the Central Bank of Armenia pursued a floating rate policy for the dram, and until 2003 the currency was significantly depreciated.
Economy of Armenia
Since the beginning of the new century, the country's economy has been growing at a stable rate of 5%, in 2005 GDP growth was 8%, and before the start of the global financial crisis, the growth reached 10% per annum. The energy problem was solved by building a gas pipeline from Iran. But in 2009 there was a painful 15% decline in the economy. The consequences of this crisis have not yet been overcome, and in 2011 the Armenian economy was one of the weakest in the world, closing the Forbes list along with Madagascar.
Economists consider monopolism and corruption to be the main problems of Armenia. The result is the lack of demand for the Armenian currency in the global financial system, very limited trade relations and unattractiveness for investors. The current situation may have a positive impact on the economic situation of the country, which is associated with a decrease in world energy prices.
In Armenia, AMD can be bought and sold freely and without restrictions in exchange offices and banks. The maximum rate of the Armenian dram was recorded in October 2014, when 1 dram was worth 963.55 Russian rubles, but the very next month, the rate collapsed to 10.92 rubles.
- The Central Bank of Armenia presents over 180 coins issued for various anniversaries. Coins were minted from alloys of copper and nickel, steel and brass, and silver and gold.
- In 2001, a banknote of 50,000 drams was issued, dedicated to the 1700th anniversary of the adoption of Christianity in Armenia.
- The developers of the drama designation are considered to be two designers who presented the same version of the symbol, despite the fact that they worked separately. The names of the authors are K. Komendaryan and R. Arutchyan.
How much will
For convenience, a quick “calculator” is presented to help you understand which banknote costs how much. The information is current as of June 8, 2019 according to the Central Bank.
| Currency | Conversion |
|---|---|
| 5 AMD | $67.8555 |
| 10 AMD | $135,711 |
| 25 AMD | $339.2775 |
| 50 AMD | 678,555 RUB |
| 100 AMD | $1,357.11 |
| 250 AMD | 3 392,775 RUB |
| 500 AMD | RUB 6,785.55 |
| 1000 AMD | RUB 13,571.1 |
| 2500 AMD | $33,927.75 |
| 5000 AMD | RUB 67,855.5 |
| 10 000 AMD | RUB 135,711.0 |
| 25 000 AMD | 339 277.5 RUB |
| 50 000 AMD | RUB 678,555.0 |
| 100 000 AMD | RUB 1,357,110.0 |
According to the Central Bank of the Russian Federation as of June 8, 2019, the price for 1 Russian ruble(RUB) is 7.3686 Armenian dram (AMD). Compared to the previous business day, the change was +0,0220 Armenian dram. To view the archive of the ruble exchange rate, click on the "Today" link and select the required date using the calendar.
This chart will help you quickly get information about the quotes of the ruble to the Armenian dram in the Forex market in real time. The user is given the opportunity to customize the terminal in accordance with their preferences, choosing the style of the bars, setting up the indicators. Updated online, real-time RUB/AMD currency quotes reflect Forex trading.
| date | Central Bank rate | Change | Percent |
|---|---|---|---|
| Today, Sat | 1 USD = 7.37 AMD | +0,02 AMD | +0,30 % |
| Yesterday, Fri | 1 RUB = 7.35 AMD | -0,02 AMD | -0,22 % |
| 6 june, thu | 1 USD = 7.36 AMD | +0,00 AMD | +0,06 % |
| June 5, Wed | 1 USD = 7.36 AMD | +0,03 AMD | +0,39 % |
| 4 June, Tue | 1 RUB = 7.33 AMD | -0,02 AMD | -0,21 % |
| 1 June, Sat | 1 RUB = 7.35 AMD | -0,03 AMD | -0,45 % |
| May 31, Fri | 1 RUB = 7.38 AMD | -0,02 AMD | -0,23 % |
| May 30, thu | 1 RUB = 7.4 AMD | -0,05 AMD | -0,61 % |
| May 29, Wed | 1 USD = 7.44 AMD | -0,01 AMD | -0,08 % |
| May 28, Tue | 1 RUB = 7.45 AMD | +0,02 AMD | +0,33 % |
| May 25, Sat | 1 RUB = 7.42 AMD | -0,01 AMD | -0,16 % |
| May 24, Fri | 1 USD = 7.43 AMD | -0,01 AMD | -0,09 % |
| May 23, thu | 1 USD = 7.44 AMD | +0,01 AMD | +0,19 % |
| May 22, Wed | 1 USD = 7.43 AMD | -0,02 AMD | -0,25 % |
Dynamics of the official exchange rate of the ruble against the Armenian dram according to the data of the Central Bank of Russia
The graph shows the dynamics of changes in the value of 1 ruble (RUB) against the Armenian dram (AMD). With the help of quick links, or a horizontal ruler under the chart, you can select any period of time that interests you.
For the period you choose, the minimum price for 1 Russian ruble was ($ min|number:4 $) Armenian dram . It was ($ min|date:"d MMMM yyyy" $) year. Maximum price for 1 Russian ruble was fixed ($ max|date:"d MMMM yyyy" $) year and was equal to ($ max|number:4 $) Armenian Dram .
Cross-currency rates from the Central Bank of the Russian Federation
Cross-currency rates are prepared based on the official exchange rate of the Russian ruble against foreign currencies, set by the Central Bank of the Russian Federation as of June 8, 2019.
| Currency | Cross course | Armenian dram to ruble | 100 AMD = 13.5711 RUB |
|---|---|
| Russian ruble to Australian dollar | 1 USD = 0.0221 USD |
| Russian ruble to Azerbaijani manat | 1 USD = 0.0261 AZN |
| Russian ruble to Belarusian ruble | 1 RUB = 0.0322 BYN |
| Russian ruble to Bulgarian lev | 1 USD = 0.0267 BGN |
| Russian Ruble to Brazilian Real | 1 RUB = 0.0597 BRL |
| Russian ruble to Hungarian forint | 1 USD = 4.3863 HUF |
| Russian ruble to Korean won | 1 USD = 18.2392 KRW |
| Russian ruble to Hong Kong dollar | 1 USD = 0.1206 HKD |
| Russian ruble to Danish krone | 1 USD = 0.1019 DKK |
| Russian ruble to dollar | 1 USD = 0.0154 USD |
| Russian ruble to euro | 1 RUB = 0.0136 EUR |
| Russian ruble to Indian rupee | 1 USD = 1.0686 INR |
| Russian ruble to Kazakh tenge | 1 USD = 5.8975 KZT |
| Russian ruble to Canadian dollar | 1 USD = 0.0205 USD |
| Russian ruble to Kyrgyzstani som | 1 USD = 1.0724 KGS |
| Russian ruble to Chinese yuan | 1 USD = 0.1062 CNY |
| Russian ruble to Moldovan leu | 1 RUB = 0.2783 MDL |
| Russian ruble to Turkmen manat | 1 USD = 0.0537 TMT |
| Russian ruble to Norwegian krone | 1 USD = 0.1338 NOK |
| Russian ruble to Polish zloty | 1 USD = PLN 0.0584 |
| Russian ruble to Romanian leu | 1 USD = 0.0645 RON |
| Russian Ruble to SDR (Special Drawing Rights) | 1 USD = 0.0111 XDR |
| Russian ruble to Singapore dollar | 1 USD = 0.021 USD |
| Russian ruble to Tajik somoni | 1 RUB = 0.145 TJS |
| Russian ruble to Turkish lira | 1 USD = 0.0901 TRY |
| Russian ruble to Uzbek sum | 1 USD = 130,602 UZS |
| Russian ruble to hryvnia | 1 RUB = 0.4082 UAH |
| Russian ruble to pound sterling | 1 RUB = 0.0121 GBP |
| Russian ruble to Czech koruna | 1 USD = 0.3501 CZK |
| Russian ruble to Swedish krona | 1 RUB = 0.1453 SEK |
| Russian ruble to Swiss franc | 1 USD = 0.0153 CHF |
| Russian ruble to South African rand | 1 USD = 0.2325 ZAR |
| Russian ruble to Japanese yen | 1 USD = 1.6681 JPY |
Information about the Armenian dram
Currency of the Republic of Armenia and Nagorno-Karabakh. Translated from Armenian "dram" - money, from the Greek word "drachm". There are 100 lums in one dram, but this monetary unit is currently withdrawn from circulation. Banknotes of 50, 100, 500, 1,000, 10,000, 20,000, 50,000 and 100,000 drams and coins of 10, 20, 50, 100, 200, 500 drams are currently in circulation.
The dram as the state currency of Armenia became circulating on November 22, 1993, before that the currency of the republic, which was part of the USSR, was Soviet rubles. Coins and banknotes issued between 1993 and 1995 not in motion.
The front side of the banknotes is decorated with portraits of prominent Armenian figures: composer Aram Khachaturyan, astrophysicist V. Hambardzumyan, architect A. Tamanyan, revolutionary Yeghishe Charents, etc. On the back are architectural monuments: the Opera and Ballet Theater in Yerevan, the Byurakan Observatory, the city of Gyumri, etc. d.
History of the Armenian Dram
Ancient Armenian silver coins are mentioned in sources dating back to the 12th-14th centuries, but the drams received the status of the national currency only at the end of the last century. In 1991, a referendum was held, as a result of which Armenia announced its withdrawal from the USSR. Own money in the new independent state appeared two years later. The first years in the history of independent Armenia were difficult - the Karabakh conflict and the economic blockade by Turkey and Azerbaijan continue to negatively affect the economic condition of the country today.
After the monetary reform of 1993, Soviet rubles were exchanged for drams at a rate of 200:1. Since 1996, the Central Bank of Armenia has been applying the floating exchange rate policy for the dram. By 2003, inflation had devalued the national currency.
Economy of Armenia
With the advent of the new century, a trend towards economic growth has emerged in Armenia. Every year, the country showed a GDP growth of 5-8%. In 2007, a gas pipeline was built from Iran, and the problem of energy supply was partially solved. By the beginning of the global financial crisis, the GDP indicator reached 10%, but the following year there was a collapse of 15%, and the country still feels the consequences of this fall. According to Forbes, in 2011 the Armenian economy was the worst in the world, second only to Madagascar. Economists are sure that the main cause of Armenia's problems is corruption and monopoly.
The dram is currently almost not in demand in the global financial system, since the trade turnover with the republic is minimal, and investors are reluctant to come to Armenia.
- Karen Komendaryan and Ruben Arutchyan are officially considered to be the authors of the drama sign, who presented the same sketches, developed by each independently. The dram symbol was placed on the banknote of 10,000 drams in 2003, and subsequently on banknotes of all denominations.
- The largest Armenian banknote of 100,000 drams is decorated with the image of King Abgar V. According to legend, this king corresponded with Jesus Christ, on the back of the banknote there is the Apostle Thaddeus presenting the king with a miraculous icon.
- When the issue of the name of the national currency was being decided, a competition was announced, for which, in addition to the name “dram”, the options “stack”, “ibar”, “daekan”, “imi”, “zuza”, “plik”, “luma” were submitted .
- The design of modern banknotes was developed by the English company Thomas de la Rue. Banknotes 1993-1995 manufactured by the German company Giesecke & Devrient.
- In 2001, the 50,000th banknote was issued, dedicated to the 1700th anniversary of the adoption of Christianity in Armenia.
How much will
For convenience, a quick “calculator” is presented to help you understand which banknote costs how much. The information is current as of June 8, 2019 according to the Central Bank.
| Currency | Conversion |
|---|---|
| 5 RUB | $36,843 |
| 10 RUB | $73,686 |
| 25 USD | 184,215 AMD |
| 50 RUB | 368.43 AMD |
| 100 RUB | $736.8599 |
| 250 RUB | $1,842.1499 |
| 500 RUB | $3,684.2997 |
| 1 000 RUB | 7368.5995 AMD |
| 2 500 RUB | $18,421.4986 |
| 5 000 RUB | $36,842.9973 |
| 10 000 RUB | $73,685.9945 |
| 25 000 RUB | $184,214.9863 |
| 50 000 RUB | 368 429.9725 AMD |
| 100 000 RUB | 736 859,945 AMD |
Today I will tell you which currency is better to go to Armenia with: rubles, dollars or euros. What will be more profitable and how not to lose money on the difference in rates?
The official currency in Armenia is the dram, and all settlements in the country are made only in local currency. The name "dram" is translated into Russian as "money", so everything is logical.
Now there are coins in circulation in 10, 20, 50, 100, 200 and 500 drams, as well as banknotes in denominations of 1, 5, 10, 20, 50 and 100 thousand drams.
You can change currency in banks and exchange offices, we did not meet street money changers. Exchange offices will offer the best rate and they work seven days a week from morning to late evening. Banks are open from 09:00 to 16:00 on weekdays, and from 10:00 to 14:00 on Saturday, but it is certainly safe there with all the documents.
Exchangers can be found in large supermarkets, shopping centers, in some hotels in large cities. Outside Yerevan and Gyumri, you will most likely have to go to the bank.
By the way, there are two or three bank branches at the Zvartnots airport in Yerevan, their rate is tolerable, slightly worse than in the city, but not extortionate. So you can safely change money at the airport for the first time.
With what currency to go to Armenia?
In short: take what you have, no matter rubles, dollars or euros. Yes, the exchange rate for rubles is a little more favorable, but if you have cash dollars, then there is no point in changing them back to rubles before the trip, with which you will then go to Armenia ;-)
Rubles in Armenia are accepted in any bank and exchanger, there will be no problems.
Exchange rate of rubles for drams
As of mid-November 2016, for 1 Russian ruble they give 7.5 drams, respectively, to get prices in rubles, divide by 7.5. Over the past year, the exchange rate of the Armenian dram against the ruble has gradually fallen, look in advance on the Internet before the trip in order to know the approximate figures.
Cards and ATMs
Cards are accepted for payment only in expensive hotels and restaurants in Yerevan, in other cases it is best to have cash. You can withdraw from a ruble Visa / MasterCard card, but then a double conversion process will take place. Judging by the reviews, there is not much difference: withdraw from the card or change cash. After the withdrawal, the ATM will give you only AMD, regardless of the currency of your account.
Conclusion, what money to take to Armenia: if you have a ruble income, take cash rubles to Armenia. If you receive a salary in dollars, it is best to carry dollars. Just in case, take a card, if anything, it will be possible to withdraw cash dramas from it.
The state currency of Armenia is called dram. This Armenian word translated into Russian means "money". The origins of the name go back to the Greek word "drachma" of similar content, and the word "dram" itself has been known since the Middle Ages. The current dram as a currency appeared in Armenia in November 1993, and before that, Soviet rubles, left over from the time when Armenia was part of the USSR, were used as legal tender on its territory. As a graphic symbol for the Armenian drama, they chose the letter “yes” of the alphabet used by Armenians, crossed out by 2 horizontal stripes, since this is the first letter in the word dram.
What banknotes and coins are issued in Armenia?
Only the Central Bank of the Republic of Armenia has the exclusive right to issue banknotes in Armenia, which it has been doing since November 22, 1993. Each Armenian dram includes 100 lumas. In 1993-1995 banknotes were issued in denominations of 10, 25, 50, 100, 200, 500, 1000 and 5000 drams. In February 1994, in addition to banknotes, the issue of 10, 20 and 50 lum and 1, 2, 5 and 10 dram coins made of aluminum began. However, since the national currency of Armenia, like other former republics of the USSR, experienced in the 90s of the XX century. the strong influence of inflationary processes associated with the decline of the economy, in the late 90s, the production of banknotes and coins of a new type began. In the early 2000s, some of the old banknotes were withdrawn from circulation. Today, banknotes of the 1993-1995 sample are no longer used, as are lumas.
In 1998, the printing of banknotes of a new type in denominations of 50 and 100 drams began, in 1999 new 500, 1000 and 5000 drams were issued, from 1999 to 2009 banknotes in denominations of 10,000, 20,000, 50,000 and 100,000 drams appeared. They had a number of significant differences from the banknotes of the previous sample. If the old ones had types of architectural monuments and ornaments in the Armenian national style, then the new ones already depict portraits of prominent figures of Armenian science and culture, and instead of the inscription “Bank of the Republic of Armenia”, there is “The Central Bank of the Republic of Armenia”.
The serial number of the new banknotes includes 1 letter and 8 digits, while the serial number on the old ones contained 2 letters. In addition, new banknotes have a higher degree of protection against counterfeiting. All of them are equipped with a security spiral, and the 1000 AMD banknote has 2 different spirals. If the old banknotes of 100, 200 and 500 drams had 2 types of watermarks, in the form of the coat of arms of Armenia and only its outline, then the new ones all have a single watermark.
In 2003-2004 new coins were issued in denominations of 10, 20, 50, 100, 200 and 500 drams, made of aluminum, copper-steel, brass-steel and nickel-steel alloy. Today, along with them, the coin of 10 drams of the sample of 1994 continues to circulate.