AMDArmenian DramArmenian Dram (AMD)
The Armenian dram is the national currency of Armenia and the unit used for domestic prices, payments and public financial records. The Central Bank of Armenia is responsible for the monetary framework and for issuing the country's notes and coins. AMD is the ISO label used in international systems, while the dram sign and Armenian-language forms may appear on local price displays. The dram is divided into 100 luma in the currency metadata used for reference information, although modern everyday cash use is concentrated in dram-denominated notes and coins.
- ISO code
- AMD
- Symbol
- ֏
- Region
- Europe
- Currency type
- Fiat currency
- Exchange system
- Armenian Dram operates under the reviewed market-determined exchange rate under the central bank of armenia's monetary framework arrangement.
- Last reviewed
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Quick facts
AMD at a glance
Currency profile
How AMD works
The Armenian dram is the national currency of Armenia and the unit used for domestic prices, payments and public financial records. The Central Bank of Armenia is responsible for the monetary framework and for issuing the country's notes and coins. AMD is the ISO label used in international systems, while the dram sign and Armenian-language forms may appear on local price displays. The dram is divided into 100 luma in the currency metadata used for reference information, although modern everyday cash use is concentrated in dram-denominated notes and coins.
Central Bank of Armenia administers AMD within a market-determined exchange rate under the central bank of armenia's monetary framework system.
- Introduced as Armenia's national currency in 1993 after independence.
- The reviewed cash profile records AMD 1,000, AMD 2,000, AMD 5,000, AMD 10,000, AMD 20,000, AMD 50,000, AMD 100,000 for banknotes and AMD 10, AMD 20, AMD 50, AMD 100, AMD 200, AMD 500 for coins.
Context
Why this currency matters
Armenia introduced the dram as its national currency in the early years after independence, replacing the Soviet ruble in domestic monetary life. The name connects the modern unit with an older Armenian monetary tradition, but the current currency is administered by the Central Bank of Armenia under contemporary monetary law. Banknote and coin designs have changed as the payment system developed, so historical pages may show denominations or imagery that are no longer common in daily transactions. For a conversion involving AMD, the useful context is the combination of the issuing authority, the Armenian domestic unit and the ISO code. Those references prevent a local symbol or translated name from being mistaken for another regional currency. The dram profile is also useful for reading older Armenian price records and banknote references. Historical labels can refer to the Soviet ruble or older dram issues, while a current conversion uses AMD. That distinction matters for archives, travel budgets and invoices because a currency name alone does not always distinguish the period or the applicable unit.
Monetary framework
Exchange arrangement
Armenian Dram operates under the reviewed market-determined exchange rate under the central bank of armenia's monetary framework arrangement.
CurrencyHub shows daily reference rates. Banks, card networks, ATMs and transfer providers may apply different exchange rates, fees or spreads.
History timeline
Key dates for AMD
Dram introduced
Armenia introduced the dram after leaving the Soviet ruble area.
Central Bank of ArmeniaNational cash system expanded
The Central Bank developed dram banknotes and luma-denominated coins for the new monetary system.
Central Bank of ArmeniaThird banknote series
Armenia introduced a new banknote series with updated materials and security design.
Central Bank of Armenia
Usage and economy
How AMD is used
- AMD is used for Armenian salaries, taxes, retail settlement and bank deposits.
- Dram comparisons are common in remittance and regional trade flows involving GEL, USD and EUR.
Banknotes and coins
AMD currency units
The issuing authority documents the reviewed AMD banknote denominations used in the current cash system.
The issuing authority documents the circulation coin system for AMD.
One Armenian Dram unit is recorded with 2 decimal places and uses Luma as its minor unit.
Related currencies
Currency relationships
Explore currencies connected through regional use, trade comparisons or monetary relationships.
FAQ
AMD questions
Who is responsible for the Armenian dram?
The Central Bank of Armenia manages the country's monetary framework and is the relevant authority for currency issuance and circulation.
When was the modern dram introduced?
The modern dram was introduced in 1993 as Armenia established its own national currency after independence.
Does the dram have a smaller unit?
The dram is divided into 100 luma in the currency reference data. Current cash usage is primarily expressed in dram-denominated notes and coins.
Sources
Data and editorial review
Rate source: Frankfurter
Last reviewed:
Currency identity and cash information is checked against central-bank, government, ISO and official international sources.