Armenian Dram · AMD
֏ symbol · 1 country currently using this currency.
Currency info
Adopted: 1993
Currency family: Other
The Armenian dram's name derives from the ancient Greek drachma, reflecting Armenia's historical trade connections.
- Introduced in 1993 following Armenia's independence from the Soviet Union
- Replaced the Soviet ruble at a rate of 200 rubles per dram
- Experienced significant inflation in the 1990s, requiring a redenomination in 2005
- The 2005 redenomination removed four zeros, with 1 new dram equal to 1,000 old drams
Countries currently using this currency
Related
Other Other currencies
Historical predecessor
Soviet ruble