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Armenian dram

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Title: Armenian dram  
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Subject: Nagorno-Karabakh dram, Economy of Armenia, List of circulating currencies, Tigran Sargsyan, Kazakhstani tenge
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Armenian dram

Armenian dram
Հայկական Դրամ  (Armenian)
A 100,000 (haryur hazar) Armenian dram banknote, the highest denominated banknote in circulation.
ISO 4217 code AMD
Central bank Central Bank of the Republic of Armenia
 Website .am.cbawww
User(s)

 Armenia

 Nagorno-Karabakh Republic
Inflation 4.5% (Armenia only)
 Source The World Factbook, 2007 est.
Pegged with Nagorno-Karabakh dram
Subunit
 1/100 luma (լումա)(not used)
Symbol
Coins 10 (tas), 20 (ksan), 50 (hisun), 100 (haryur), 200 (yerkuharyur), 500 (hingharyur) dram
Banknotes 1000 (hazar), 5000 (hing hazar), 10 000 (tas hazar), 20 000 (ksan hazar), 50 000 (hisun hazar), 100 000 (haryur hazar) dram

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 first instance of a dram currency was in the period from 1199 to 1375, when silver coins called dram were issued.

Contents

  • History 1
    • Armenian dram sign 1.1
    • Nagorno-Karabakh 1.2
  • Coins 2
    • First series (1994) 2.1
    • Second series (2003-2004) 2.2
  • Banknotes 3
    • First series (1993-1995) 3.1
    • Second series (1998-present) 3.2
  • Exchange rates 4
  • References 5
  • External links 6

History

On 21 September 1991, a national referendum proclaimed Armenia as an independent republic from the Soviet Union. The Central Bank of Armenia, established on 27 March 1993, was given the exclusive right of issuing the national currency.

In the immediate aftermath of the

  • Central Bank of Armenia
  • Armenian Currency Exchange
  • Central Bank of Armenia next day USD to AMD exchange rate prediction Engine
  • Armemian Dram Sign History, shape, and promotion of Armenian Dram Sign
  • Coin Types from Armenia Lists, pictures, and values of Armenian coin types
  • Coins of Armenia at CISCoins.net

External links

  1. ^ Pomfret, Richard (2001). The IMF and the Ruble zone. Available at: http://www.readcube.com/articles/10.1057/ces.2002.17
  2. ^ http://www.memo.ru/hr/hotpoints/caucas1/msg/2005/09/m50530.htm
  3. ^ BBC (2013). Available at: http://www.bbc.co.uk/news/magazine-21572359
  4. ^ Armenian Central Bank. www.cba.am
  5. ^ Central Bank of Armenia. Available at: https://www.cba.am/en/SitePages/detailsnccracoinsnotcirculated.aspx?nominal=1
  6. ^ Central Bank of Armenia. Available at: https://www.cba.am/en/SitePages/detailsnccracoinsnotcirculated.aspx?nominal=2
  7. ^ Central Bank of Armenia. Available at: https://www.cba.am/en/SitePages/detailsnccracoinsnotcirculated.aspx?nominal=3
  8. ^ Central Bank of Armenia. Available at: https://www.cba.am/en/SitePages/detailsnccracoinsnotcirculated.aspx?nominal=4
  9. ^ Central Bank of Armenia. Available at: https://www.cba.am/en/SitePages/detailsnccracoinsnotcirculated.aspx?nominal=5
  10. ^ Central Bank of Armenia. Available at: https://www.cba.am/en/SitePages/detailsnccracoinsnotcirculated.aspx?nominal=6
  11. ^ Central Bank of Armenia. Available at: https://www.cba.am/en/SitePages/detailsnccracoinsnotcirculated.aspx?nominal=7
  12. ^ Central Bank of Armenia. Available at: https://www.cba.am/en/SitePages/detailsnccracoinscirculated.aspx?nominal=1
  13. ^ Central Bank of Armenia. Available at: https://www.cba.am/en/SitePages/detailsnccracoinscirculated.aspx?nominal=2
  14. ^ Central Bank of Armenia. Available at: https://www.cba.am/en/SitePages/detailsnccracoinscirculated.aspx?nominal=3
  15. ^ Central Bank of Armenia. Available at: https://www.cba.am/en/SitePages/detailsnccracoinscirculated.aspx?nominal=4
  16. ^ Central Bank of Armenia. Available at: https://www.cba.am/en/SitePages/detailsnccracoinscirculated.aspx?nominal=5
  17. ^ Central Bank of Armenia. Available at: https://www.cba.am/en/SitePages/detailsnccracoinscirculated.aspx?nominal=6
  18. ^ "Central Bank Of The Republic Of Armenia". Cba.am. Retrieved 30 May 2013. 
  19. ^ "Բիզնես 24 - Հայկական Բիզնես Օրաթերթ, 24/08/09". B24.am. 2009-08-24. Retrieved 2011-12-05. 

References

Note: Rates obtained from these websites may be slightly different from the rates the Central Bank of Armenia publishes

The modern dram came into effect on 22 November 1993, at a rate of 200 rubles = 1 dram (1 USD : 404 AMD). The dram is not pegged to any currency other than the Nagorno-Karabakh dram.

Exchange rates

Second series (1998–present)
Image Value Dimensions Main Color Description Date of
Obverse Reverse Obverse Reverse printing issue annul
50 dram 122 x 65  mm Pink/Blue/Grey Aram Khachaturian and Armenian Opera Theater A scene from the ballet Gayane by Khachaturian, and Mount Ararat 1998 ?? April 1, 2004
100 dram Blue/Grey Viktor Hambardzumyan Byurakan Observatory
500 dram 129 x 72 mm Grey Alexander Tamanyan Government House in Yerevan designed by A. Tamanyan 1999 September 1, 2000 Current
1,000 dram 136 x 72 mm Green/Pink Yeghishe Charents An image of old Yerevan 1999
2001
2011
March 1, 1999
5,000 dram 143 x 72 mm Yellow/Green Hovhannes Tumanyan Nature of Lori from Martiros Saryan's paintings 1999
2003
2009
2012
July 1, 2000
10,000 dram 150 x 72 mm Purple Avetik Isahakyan An image of old Gyumri 2003
2006
2008
2012
November 1, 2003
20,000 dram 155 x 72 mm Yellow/Red/Brown Martiros Saryan Episode from Martiros Saryan's Armenia landscape 1999
2007
2009
2012
March 1, 1999
50,000 dram 160 x 79 mm Brown/Red Etchmiadzin Cathedral St. Gregory the Illuminator and king Tiridates the Great lift up the Armenian Church; on the right - a khachkar from Kecharis Monastery. 2001 June 4, 2001
100,000 dram 160 x 72 mm Blue/Brown Abgar V of Edessa In the center St. Thaddeus transfers the painting of Jesus Christ (painted alive) to Abgar V of Edessa.[19] 2009 August 24, 2009
These images are to scale at 0.7 pixels per millimeter.

The banknotes of 500 dram are rarely seen in circulation. The 500 dram coin is used instead.
A commemorative 50,000 dram note was issued on 4 June 2001 to observe the 1700th anniversary of the adoption of Christianity in Armenia.

Second series (1998-present)

First series (1993-1995)
Image Value Dimensions Main Color Description Date of
Obverse Reverse Obverse Reverse printing issue annul
10 dram 125 x 62 mm Brown/Purple Yerevan Train Station and David of Sasun statue Mount Ararat 1993 November 22, 1993 April 1, 2004
25 dram Yellow/Brown/Blue Urartian cuneiform tablet and a lion relief from Erebuni fortress Ornaments
50 dram Blue/Red National Gallery and History Museum of Armenia Armenian parliament building January 1, 2004
100 dram Blue/Purple/Red Mount Ararat and Zvartnots Cathedral Armenian Opera Theater
200 dram 135 x 62 mm Brown/Green/Yellow/Red St. Hripsime Church in Echmiadzin Ornaments April 1, 2004
500 dram Green/Brown/Blue Mount Ararat and a Tigran the Great tetradrachm September 1, 2005
1,000 dram 145 x 68 mm Brown/Orange Mesrop Mashtots statue and Matenadaran 7th century obelisk monument from Ani 1994 October 25, 1994 March 1, 2004
5,000 dram 145 x 71 mm Green/Yellow/Purple Garni temple Bronze head of goddess Anahit kept in the British Museum 1995 September 6, 1995 July 1, 2005
These images are to scale at 0.7 pixels per millimeter.

On 22 November 1993, banknotes of 10, 25, 50, 100, 200 and 500 dram were issued.[18] Notes for 1000 and 5000 dram were put into circulation later.

First series (1993-1995)

A first series of banknotes was issued in November 1993. It was withdrawn from circulation by 2005. A second series was issued from 1998 onwards which is still in use at present.

Banknotes

  • All coins bear the year of the first issue (2003 or 2004).
Second series (2003-2004)
Image Value Technical parameters Description Date of
Diameter Mass Composition Edge Obverse Reverse first minting issue withdrawal lapse
10 dram[12] 20.0 mm 1.3 g aluminium alloy Milled Value,ornaments,
year of minting
Armenian coat of arms 2004 December 1, 2004 Current -
20 dram[13] 20.5 mm 2.75 g Copper plated steel Smooth 2003 January 1, 2003
50 dram[14] 21.5 mm 3.5 g Brass plated steel Milled March 31, 2003
100 dram[15] 22.5 mm 4.0 g Nickel plated steel Milled
200 dram[16] 24.0 mm 4.5 g Alloy of copper,
aluminum, nickel
Milled
500 dram[17] 22.0 mm 5.0 g Inner ring: copper-nickel

Outer ring: alloy of copper,
aluminum, nickel

Interrupted milled

In 2003 and 2004, a new coinage consisting of 10, 20, 50, 100, 200 and 500 dram coins was introduced.

Second series (2003-2004)

  • All coins bear the year of the first issue (1994).
First series (1994)
Image Value Technical parameters Description Date of
Diameter Mass Composition Edge Obverse Reverse first minting issue withdrawal lapse
10 luma[5] 16.0 mm 0.59 g aluminium alloy Smooth Value, year of minting Armenian coat of arms 1994 February 21, 1994 Current,
but not used in practice
-
20 luma[6] 18.0 mm 0.75 g Smooth
50 luma[7] 20.0 mm 0.93 g Smooth
1 dram[8] 22.0 mm 1.39 g Milled
3 dram[9] 24.0 mm 1.63 g Milled
5 dram[10] 26.0 mm 1.98 g Smooth
10 dram[11] 28.0 mm 2.30 g Smooth Current

In 1994, a first series of aluminium coins was introduced in denominations of 10, 20 and 50 luma, 1, 3, 5 and 10 dram. At present only the 10 dram coin is still in use. The other coins are officially in circulation but not really used because of to their low nominal value.[3][4]

First series (1994)

The Central Bank has also issued a great number of commemorative coins intended for sale to collectors. A listing can be found at [3] or [4].

In 1994, a first series of aluminium coins was introduced in denominations of 10, 20 and 50 luma, 1, 3, 5 and 10 dram. In 2003 and 2004, a second series consisting of 10, 20, 50, 100, 200 and 500 dram coins was introduced to replace the first series.

Coins

Officially the Nagorno-Karabakh dram is legal tender in both Armenia and Nagorno-Karabakh. In practice it is however mostly sold as souvenirs due to the low nominal values of the coins and notes issued.[2]

The Armenian dram is also used in the unrecognized Nagorno-Karabakh Republic. A separate currency, the Nagorno-Karabakh dram, which circulates together with the Armenian dram was introduced during 2005. Coins and banknotes ranging in nominal values from 50 luma to 10 dram were issued.

Nagorno-Karabakh

In 1995 the currency sign for the Armenian dram was designed.

The dram Sign

Armenian dram sign

[1]

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