Bank Exchange Rates for Armenian Dram
Bank Exchange Rates for Armenia - AMD - Armenian Dram - ֏. The foreign exchange rates for Armenia also known as the ISO code AMD or the Armenian Dram currency and as a symbol ֏. Send Money Transfer to Armenia.
One Dram subdivides into 100 luma and each coin.
Current coins in circulation are
10 dram called Tas.
20 Dram called Ksan.
50 dram called Hisun.
100 dram called Hharyur.
200 dram called Yerkuharyur.
500 Dram called Hingharyur.
Bank Exchange Rates for Armenia
Banknotes in circulation range from the 1,000 Dram not, known as Hazar,
5,000 dram called Hing Hazar.
10,000 dram called Tas Hazar.
20,000 dram called Ksan Hazar.
50, 000 dram called Hisun Hazar.
100,000 Dram, called Haryur Hazar.
Currency Rate for Armenia
Armenian dram is the official currency unit of Armenia and it equals 100 luma , Armenia is very unique country, located in West Asia, It is bordered by Turkey to the West and Georgia to the North, it was influenced by many cultures as it was situated along the route of the Great Silk Road. Armenian central bank in 1993 earned the right of issuing national currency after proclaiming Armenian independence on 21 September 1991, after the collapse of Soviet Union there were many attempts to retain a common currency which of course provides unity to the CIS (Commonwealth of independent states) that currency was (Russian ruble), but the circumstances post-Soviet states on different aspects politically and economically were very difficult and the currency collapsed with Russia making monetary reform in 1993, and that forced states which were part of the union (Armenia, Georgia, Kazakhstan, Turkmenistan, Moldova and Uzbekistan) to issue there separate currencies, and Armenia introduced the Armenian Dram on 22 November 1993.The Armenian Dram design was made in 1995 with (currency code : AMD) , there are two series of banknotes and coins have been issued.
Currency Rates for Armenian Dram
For banknotes the first series was issued between (1993-1995) started on 22 November 1993 and it stopped being circulated by 2005, banknotes of 10, 25, 50, 100, 200, 500 of Armenian Dram were issued, the second series (1998-present) but banknotes of 50, 100, 500 aren't usually used as coins of same value are used instead. For coins the first series(1994-2002) was introduced in with values of of 10, 20, and 50 luma (Armenian Dram = 100 luma), and 1, 3, 5, 10 Armenian Dram, In 2003 and 2004 the second series was established to replace first series with 10, 20, 50, 100. 200, 500 Armenian Dram coins.To get a sense on how Armenian Dram stands or how on average it is related to US dollar it has been ranging from 480 Dram to 487 Dram. Armenia is really a unique country where a lot of changes and cultures get mixed together which lead to a special country with very special history.
GBP to AMD
The Dram has existed in many forms since 1199, when silver coins were called dram, although these were not necessarily in Armenia. The etymology of the word “Dram” comes from the Greek word “drachma” and the Arabic word “dirham”, all three of these words translate into English as “money”. Bank Exchange Rates for Armenian Dram. The foreign exchange rates for Armenia also known as the ISO code AMD. Send money transfer online with us with the cheapest options.