Chinese Yuan Renminbi to Armenian dram

The Chinese yuan (symbol  ¥, code: CNY, number 156) is the national currency of the People's Republic of China. One yuan is divided into 10 jiao, one jiao is subdivided into 10 fens. International sign is the same as that of the Japanese yen.

The exchange rate has been tightly pegged to the dollar since 2005. The currency belongs to the SDR basket. Although formally Hong Kong and Macau are Chinese territories, the yuan is not an official legal tender there. It is used for in- cash payments only in Mainland China, as well as for foreign exchange accountings.

The Armenian dram (sign ֏, code AMD) is the national currency of the Republic of Armenia, used within the borders of this Caucasian country. 1 dram could be previously subdivided into 100 lum. However, there are no coins or notes worth less than 10 dram used right now.

The currency has been issued in 1993 after the dissolution of the Soviet Union. Before that, the Soviet rubles had been in use. The country’s symbol on the notes was presented as iconic figures from the Armenian people, and as great architectural and art monuments as well. There is the national coat of arms and denomination decorated with a colorful design. The monetary unit’s name comes from the Greek drachma.