What is the currency of Armenia?

The currency of Armenia is the Armenian dram.

The modern dram was introduced on 22 November 1993, after Armenia became independent from the Soviet Union. It replaced the Soviet ruble and is issued by the Central Bank of Armenia. Its international currency code is AMD, and its official symbol is ֏.

The name is much older than the modern currency. Medieval Armenian silver coins called dram or tram were issued between 1199 and 1375. The word is related to the Greek drachma and Arabic dirham, both terms historically associated with money and weight.

One dram is divided into 100 luma, although luma coins are rarely encountered in everyday transactions today. Modern coins commonly range from 10 to 500 drams, while banknotes feature Armenian cultural figures, artists, scientists and religious heritage. The dram is sometimes confused with the Georgian lari or Azerbaijani manat, the currencies of two nearby countries, but neither is Armenia’s national currency.