Currency rates in Armenia (AMD - Armenian Dram)
Armenian Dram (AMD)
The dram (Armenian: Դրամ; sign: ; 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 and the Arabic dirham. The Central Bank of Armenia has the exclusive right of issuing the national currency according to Armenian law.
The first instance of a dram currency
in Armenia was in the period from 1199 to 1375, when silver
coins called dram were issued.
In 1994, coins were introduced by the
Central Bank of Armenia in denominations of 10, 20 and 50
luma, 1, 3, 5 and 10 dram. All were struck in aluminium. In
2003 and 2004, a new coinage  consisting of 10, 20, 50,
100, 200 and 500 dram coins was introduced. 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 a brass outer ring and cupronickel centre.
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