Philippine Peso to Armenian dram

The Philippine peso (international symbol: ₱, code: PHP, number: 608) is the currency of the Philippines that has existed since 1858. One peso is subdivided into 100 sentimos. Contemporary banknotes were developed back in 1969.

Since 1970, the peso exchange rate has been floating, regulated by the Central Bank of the Philippines. The entire money supply is located and used as a legal tender only within the state. The country has an official ban on the export of the national currency. Beginning with the year of 2013 the exchange rate of the Philippine currency against the US dollar has decreased significantly.

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.