Information on Armenia's currency? (like 2-3 lines)?

Question

a little bit of basica understandable info. on armenia's currency.

asap thank you

Answer 1

I know you wanted 2-3 line but well more information won't hurt...lol.

The national currency of Armenia is Dram (code - AMD, 1$ » 306 AMD). Trade partners: former Soviet republics, Asian and European countries.

To see the current exchange rate of Armenian Dram with major foreign currencies, log on to the website of the Central Bank of Armenia. There are a lot of currency exchange centres in Yerevan and other cities.

The number of ATM machines is growing increasingly. Although Arrmenia is predominantly a cash society, credit cards are accepted in most big stores, hotels and restaurants.

Armenian ancient coins:

http://www.ancientresource.com/lots/arme...

Answer 2

the first answer is true but here is more information about its history:

The first instance of a dram currency in Armenia was in the period from 1199 to 1375, when silver coins called dram were issued.

On 21 September 1991 a national referendum proclaimed Armenia as an independent republic from the Soviet Union. The Central Bank of Armenia was adopted on 27 March 1993, under the governorship of Isahak Isahakyan. However the old Soviet banknotes were legal tender until November 1993. The modern dram came into effect on 22 November 1993, at a rate of 200 rubles = 1 dram (1 USD : 14.5 AMD). The dram is not pegged to any other currency.

Answer 3

The dram (Armenian: Դրամ, ISO 4217 code: AMD) is the monetary unit of Armenia. It is subdivided into 100 luma (Armenian: լումա). The word "dram" translates into English as "money", and is cognate with the Greek drachma. The Central Bank of Armenia has the exclusive right of issuing the national currency according to Armenian Law.

The 10 dram is struck in aluminium, the 20 dram in copper plated steel, the 50 dram in brass plated steel, 100 dram in nickel plated steel and 200 dram in brass. The 500 dram coin is bimetallic with brass outer ring and cupronickel centre.

Hope it helps.