About the Armenian Dram
The Armenian Dram was introduced in 1993 to replace the Russian Ruble after the dissolution of the Soviet Union. This established Armenia's monetary independence.
The word 'Dram' means 'money' in Armenian and is cognate with the Greek 'drachma'.
Interesting Facts
Noah's Ark on a Banknote
The 500 dram banknote features a depiction of Noah's Ark on Mount Ararat, a national symbol of Armenia.
Unique Dram Symbol
The symbol for the Armenian Dram, ֏, was designed in 1995 and is a capital letter from the Armenian alphabet with two horizontal strokes.
First Independent Currency
The first Armenian currency called 'dram' dates back to the 12th century, but the modern Dram is the first for an independent Republic of Armenia.
Historical Timeline
Armenia declares independence from the Soviet Union.
The Dram is introduced as the national currency.
A new series of banknotes is issued with improved security features.
A third series of banknotes is issued, made of a hybrid-paper composite.
Denominations
Banknotes
Coins
Security Features
Quick Facts
- ISO Code
- AMD
- Symbol
- ֏
- Numeric Code
- 051
- Subunit
- Luma (1/100)
- Introduced
- 1993-11-22
Central Bank
- Name
- Central Bank of Armenia
- Headquarters
- Yerevan, Armenia
- Founded
- 1993
- Current Governor
- Martin Galstyan (since 2020)
Economic Data
- Reserve Currency Share
- 0.0%
- Forex Volume Share
- 0.0%
- Inflation Rate
- 1.2%
- Interest Rate
- 8.00%
Exchange Rates
What Affects the AMD Exchange Rate?
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