Armenian dram

From Wikipedia, the free encyclopedia

Armenian dram
Դրամ (Armenian)

A 500-dram note that is no longer legal tender.

ISO 4217 Code AMD

User(s) Armenia and the de-facto independent Nagorno Karabakh Republic

Inflation 1.1% (Armenia only)

Source The World Factbook, 2006 est.

Subunit

1/100 luma (լումա)

Symbol դր.

Coins 10, 20, 50, 100, 200, 500 dram

Banknotes 1000, 5000, 10 000, 20 000, 50 000 dram

Central bank

Central Bank of Armenia

Website www.cba.am

The dram (Armenian: Դրամ) (ISO 4217: 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.

1 History
2 Coins
3 Banknotes
4 Money Supply
5 External links

[edit] History

The Zvartnots cathedral depicted on an old 100 dram banknote that is no longer legal tender.

For earlier Armenian currency, see Armenian ruble.

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

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 bank notes were standard 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). Banknotes of 10, 25, 50, 100, 200 and, 500 dram were issued, whilst, on 21 January 1994, the Central Bank of Armenia began minting 10, 20, 50 luma and 1, 3, 5, 10 dram coins. The banknotes in nominal value 1000 and 5000 dram were put into circulation since October 24, 1994 and September 1995, respectively. Later a 20000 dram note was issued and a commemorative 50000 dram note was issued to observe the 1700-th anniversary of adoption of Christianity in Armenia. It should be noted that the Dram is not pegged to any other currency, unlike the currencies of many other nations.

[edit] Coins

Coins in circulation [1]

10 Dram
20 Dram
50 Dram
100 Dram
200 Dram
500 Dram

[edit] Banknotes

Banknotes in circulation [2]

500 dram
1,000 dram
5,000 dram
10,000 dram
20,000 dram
50,000 dram

In addition, the following banknotes are no longer legal tender (since April 1, 2004), but may be exchanged at banks: 10 drams, 25 drams, 50 drams, 100 drams. The 1993 500-dram banknote has also ceased to be legal tender since September 1, 2005, but there is a 1999 500-dram banknote that is still in circulation.[3]

[edit] Money Supply

Currency in circulation has shown steady growth since first issue in 1993.

Year	Currency in circulation (billion of dram)
1993	1.2
1994	11.1
1995	25.7
1996	37.1
1997	42.2
1998	45.3
1999	45.5
2000	61.9
2001	66.7
2002	92.1
2003	96.8

Current AMD exchange rates

Use Yahoo! Finance:	AUD CAD CHF EUR GBP HKD JPY USD
Use XE.com:	AUD CAD CHF EUR GBP HKD JPY USD
Use OANDA.com:	AUD CAD CHF EUR GBP HKD JPY USD

Note: Rates obtained from these websites may be slightly different from the rates the Central Bank of Armenia publishes

[edit] External links

This article contains content from HierarchyPedia article Dram, used here under the GNU Free Documentation License.

v • d • e Currencies of Europe
Eurozone	Euro
Northern	Danish krone · Faroese króna · Icelandic króna · Norwegian krone · Swedish krona
Baltic	Estonian kroon · Latvian lats · Lithuanian litas
Western	British pound · Guernsey pound · Jersey pound · Manx pound
Central	Czech koruna · Hungarian forint · Polish złoty · Slovak koruna · Swiss franc
Eastern	Belarusian ruble · Kazakhstani tenge · Russian ruble (Russia and Abkhazia and South Ossetia (unrecognized)) · Transnistrian ruble (unrecognized) · Ukrainian hryvnia
Southeastern	Albanian lek · Bosnia and Herzegovina convertible mark · Bulgarian lev · Croatian kuna · Macedonian denar · Moldovan leu · Romanian leu · Serbian dinar
Mediterranean	Cypriot pound · Gibraltar pound · Maltese lira · Turkish new lira (Turkey and Northern Cyprus (unrecognized))
Transcaucasia	Armenian dram (Armenia and Nagorno-Karabakh (unrecognized)) · Azerbaijani manat · Georgian lari

v • d • e Currencies of Asia
Central	Afghan afghani · Kazakhstani tenge · Kyrgyz som · Mongolian tugrug · Russian ruble · Tajik somoni · Turkmen manat · Uzbek som
East	Chinese yuan · Hong Kong dollar · Japanese yen · Macanese pataca · North Korean won · New Taiwan dollar · South Korean won
South-East	Brunei dollar · Cambodian riel · Indonesian rupiah · Lao kip · Malaysian ringgit · Myanmar kyat · Philippine piso · Singapore dollar · Thai baht · U.S. dollar (East Timor) · Vietnamese đồng
South	Bangladeshi taka · Bhutanese ngultrum · Indian rupee · Maldivian rufiyaa · Nepalese rupee · Pakistani rupee · Sri Lankan rupee
West	Armenian dram · Azerbaijani manat · Bahraini dinar · Cypriot pound · Egyptian pound · Georgian lari · Iranian rial · Iraqi dinar · Israeli new sheqel · Jordanian dinar · Kuwaiti dinar · Lebanese lira · Omani rial · Qatari riyal · Saudi riyal · Syrian pound · Turkish new lira · UAE dirham · Yemeni rial