AMD · AMD
Armenian Dram (AMD)
The Armenian Dram (AMD) is the official currency of Armenia, introduced in 1993 after the country gained independence. It is issued by the Central Bank of Armenia and is subdivided into 100 luma.
Convert this currency
Converted amount
0.0027 USD
Exchange rate
1 AMD = 0.002735 USD
Updated
8/9/2026 12:00 AM
Source
ApiForex Managed Source 3
AMD · Armenian Dram
Armenian Dram (AMD): Overview and History
The Armenian Dram (AMD) has been the official currency of the Republic of Armenia since November 22, 1993, replacing the Soviet ruble in the aftermath of the Soviet Union's dissolution. The currency's name 'dram' is derived from the Greek word 'drachma,' reflecting historical ties to the Hellenistic period. The Central Bank of Armenia is responsible for issuing and regulating the dram, ensuring monetary stability and overseeing the country's financial system.
The dram is subdivided into 100 luma, although luma coins are no longer in circulation due to low value. Banknotes are available in denominations of 1,000, 2,000, 5,000, 10,000, 20,000, 50,000, and 100,000 drams, while coins range from 10 to 500 drams. The currency has undergone several redesigns over the years, incorporating advanced security features to prevent counterfeiting and reflecting Armenia's cultural heritage through depictions of historical figures and landmarks.
As a relatively small and open economy, Armenia's exchange rate is influenced by global commodity prices, remittances from the Armenian diaspora, and regional geopolitical developments. The dram has experienced periods of volatility, but the Central Bank has implemented measures to maintain stability. For those interested in the Armenian economy, understanding the dram's role is essential, as it is a key indicator of the country's financial health and international trade position.
- Code
- AMD
- Symbol
- AMD
- Current rate
- USD / AMD
Currency information
Last updated · 8/7/2026
Introduced on November 22, 1993, replacing the Soviet ruble.
- Official name
- Armenian Dram
- Legal tender status
- Legal tender in Armenia
- Decimal places
- 2
- Minor unit
- luma · 1 AMD = 100 luma
- Countries
- Armenia
- Issuing authority
- Central Bank of Armenia
- Central bank
- Central Bank of Armenia · Official website
- Exchange-rate regime
- Managed floating
Common banknotes
֏500 · ֏1000 · ֏2000 · ֏5000 · ֏10000 · ֏20000 · ֏50000
Common coins
10 luma · 20 luma · 50 luma · ֏100 · ֏200 · ֏500
Also known as
Dram · Armenian Dram · AMD · ֏
Practical notes
- The symbol ֏ is used in Armenia.
- The currency code AMD is used internationally.
Priority currency pairs
The most useful conversions for this currency.
Armenian Dram questions
What is the AMD exchange rate?
The displayed rate is the latest available reference rate for USD/AMD. It can change throughout the day.
How can I convert AMD online?
Use the converter above to calculate indicative amounts between AMD and the other supported currencies.