Armenian dram to Euro

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.

The euro (sign: €, code: EUR, number: 978) is the official currency of the Eurozone. Presently, the Eurozone comprises 19 EU states and several non-EU microstates and special territories, such as the Vatican or the Republic of Kosovo. The euro has replaced the former accounting currency European Currency Unit (ECU).

The non-cash form of the euro currency came into existence in 1999. Physical euro banknotes and coins entered into circulation in 2002. The European currency is second in international interbank turnover, succumbing only to the US dollar.