AMD (֏)

Currency: Dram

The Dram is the official currency of Armenia. One US dollar is worth around 480.00 AMD. The Armenian dram (AMD) is the currency of Armenia, which is situated in the South Caucasus region of Eurasia. It was first introduced in 1993, replacing the Soviet ruble. The dram is subdivided into 100 luma. The Central Bank of Armenia is responsible for issuing and managing the currency. The dram is widely used throughout the country and is accepted at most major businesses, including hotels, restaurants, and shops. The currency has experienced relatively little fluctuation in recent years, making it a stable currency in the region.