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Armenian dram

File:1000_dram_2018_Obverse.jpg · Wikimedia Commons · See Wikimedia Commons

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Armenian dram

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Also known as dram

official currency of Armenia

AI overview

The Armenian dram is the official money used in Armenia for buying goods and services. It matters because it's essential to Armenia's economy and is what people use for everyday transactions in the country.

AI-generated from the Wikipedia summary — may contain errors.

~6 min read

Encyclopedic overview

The Armenian dram (Armenian: դրամ; sign: ֏; abbreviation: դր.; ISO code: AMD) is the currency of Armenia. It was historically subdivided into 100 luma (լումա). The Central Bank of Armenia is responsible for issuance and circulation of dram banknotes and coins, as well as implementing the monetary policy of Armenia.

The word dram means "money" and is cognate with the Greek drachma and the Arabic dirham, as well as the English weight unit dram.

Excerpted from Wikipedia’s “Armenian dram” article, available under the CC BY-SA 4.0 licence.

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