Armenia - Currency, Armenia

Displayed:   times.

The Armenian national currency is the dram. Paper notes are issued in denominations of 10, 25, 50, 100, 200, 500, 1.000, 5.000, 10.000, 20.000 and 50000 Dram. All new Armenian Dram banknotes have been printed on high quality 100 % cotton fibre paper. Visible and invisible fibres for reasons of security are interwoven in the paper. The 50.000 dram banknote, in circulation since 2001, commemorates the 1700 anniversary of the adoption of Christianity in Armenia as a state religion, the first country to do so. The government has indicated a plan to phase out of circulation all banknotes less than 500 dram (10, 20, 50, 100, 200, 500), and has already introduced coins to replace the small denominations. Foreign bank notes can be exchanged at local banks and at exchange counters. There is no limitation on the amount of money exchanged. ATM machines in Yerevan function in accordance with the Plus Global Access Network, Visa, and MasterCard systems. The exchange rate in Yerevan has been quite stable and the monetary policies of the Central Bank have been acknowledged by the international community to be largely successful. Recently, the strong financial and economic results of the Armenian banking sector have led to regained confidence of population in the banking system, as well as a broadened scope and improved quality of banking services. More on www.armeniainfo.am

Rate this tip:

Rate!

Add Comment >>

Your Name:

Your Comment:

General Tips about Armenia

» Required travel documents for Armenia
» Electric power
» Area code to Armenia
» Metro
» Taxi
» When to Go
» Climate
» Armenia - Electricity
» Armenia - Currency
» Armenia - The Language
» Armenia - history
» Kasagh Basilica
» Kasagh Basilica
» Dvin Ruins
» Avan Church
» Lori Berd
» Erebuni Fortress
» Mughni Church
» Mastara Church
» Ptghni Church
» Yeghvard Church
» Shkhmuradi Monastery
» Aruch Cathedral
» Khor Virap Monastery
» Zvartnots Cathedral
» Yereruyk Basilica
» Talin Cathedral
» Sisavan Church
» Gndevank Monastery
» Grigori Monastery
» Kecharis Monastery
» Hripsime Church
» Vahanavank Monastery
» Selim Caravanserai
» Saghmosavank Monastery
» Garni Temple
» Nor Varagavank Monastery
» Makaravank Monastery
» Ejmiatsin Cathedral Compound
» Ughtasar Petroglyphs
» Noravank Monastery
» Kirants Monastery
» Khuchapi Monastery
» Khorakert Monastery
» Harichavank Monastery
» Sanahin Monastery
» Kobayr Monastery
» Goshavank Monastery
» Akhtala Monastery
» Tatev Monastery
» Haghpat Monastery
» Haghartsin Monastery
» Sardarapat
» Amberd Fortress
» Sevan Monastery
» Geghardadzor's Caves
» Matenadaran
» The State Museum of Armenian History
» Dilizhan
» Alaverdi
» Lake Sevan
» Ashtarak
» Artashat
» Echmiadzin, Armenia
» Gegharkunik, Armenia
» Vanadzor, Armenia
» Tzakhadzor, Armenia
» Khor Virap, Armenia
» Geghard, Armenia
» Garni, Armenia
» Echmiadzin, Armenia
» Nagorno-karabakh, Armenia
» Tathev monastery, Armenia
» Zvartnots, Armenia
» Yerevan, Armenia
» Armenia - overview

   More travel tips about Armenia