THE NOTES & COINS OF ARMENIA
The Armenian national currency is the Dram (AMD).
The national currency of Armenia, dram was issued on November 22, 1993. The word “dram” translates into English as “money” and is cognate with the Greek drachma and the Arabic dirham. 1 dram is equal to 100 lumas.
To date, drams are represented by 12 denominations: paper bills are issued in denominations of 1,000, 5,000, 10,000, 20,000, 50,000 and 100,000 drams. Coins replace all banknotes less than 1,000 drams (10, 20, 50, 100, 200 and 500 drams).
There are famous Armenian poets, artists, as well as the cultural, historical and natural monuments are being depicted on the dram banknotes. As of 1998 new banknotes were issued, and the old ones were removed from monetary circulation. Design of new banknotes of Armenian dram has been created by foreign experts from Germany and England. In 2001 banknote of 50,000 drams was issued in honor of the 1,700th anniversary of the recognition of Christianity as state religion in Armenia. Modern banknotes differ from the previous ones in an enhanced level of protection. In 2009 banknotes of 100,000 with the image of King Abgar V was issued.
The Armenian dram is also a currency of the Nagorno-Karabakh Republic.