December 22, 2006
Armenian Currency
The word “dram” translates into English as “money”, and is cognate with the Greek drachma. The Central Bank of Armenia has the exclusive right of issuing the national currency according to Armenian Law.
**BANKNOTES**
500 Dram
(Above) Armenian great architect Alexander Tamanyan (1878-1936)
(Below) The House of the Government of the Republic of Armenia
1,000 Dram
(Above) Armenian famous writer Yeghishe Charents (1897-1937)
(Below) A picture of old Yerevan - a two-storeyed building and a carriage harnessed by two horses
5,000 Dram
(Above) Armenian great writer Hovhannes Tumanyan (1869-1923)
(Below) M.Saryan’s picture depicting nature of Lory.
10,000 Dram
(Above) Armenian great writer Avetik Isahakyan (1875-1957)
(Below) Depiction of Gyumri of the beginning of the 20 th century
20,000 Dram
(Above) Armenian famous painter Martiros Saryan (1880-1972)
(Below) A fragment from Saryan’s landscape “Armenia”
50,000 Dram
(Above) Depiction of Mother Cathedral of Holy Echmiadzin
(Below) Armenian Church in the hands of Saint Gregory the illuminator and the king Tiridat the Great
***Circulation Coins***
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10 Dram Coin went into Circulation December 1, 2004 |  |
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20 Dram Coin went into Circulation January 01, 2003 |  |
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50 Dram Coin went into Circulation March 31, 2003 |  |
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100 Dram Coin went into Circulation March 31, 2003 |  |
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200 Dram Coin went into Circulation March 31, 2003 |  |
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500 Dram Coin went into Circulation March 31, 2003 |  |
On 21 September 1991 a national referendum proclaimed Armenia as an independent republic from the Soviet Union. The Central Bank of Armenia was adopted on 27 March 1993, under the governorship of Isahak Isahakyan. However the old Soviet bank notes were standard tender until November 1993. The modern dram came into effect on 22 November 1993, at a rate of 200 rubles = 1 dram (1 USD : 14.5 AMD). Banknotes of 10, 25, 50, 100, 200 and, 500 dram were issued, whilst, on 21 January 1994, the Central Bank of Armenia began minting 10, 20, 50 luma and 1, 3, 5, 10 dram coins. The banknotes in nominal value 1000 and 5000 dram were put into circulation since October 24, 1994 and September 1995, respectively. Later a 20000 dram note was issued and a commemorative 50000 dram note was issued to observe the 1700-th anniversary of adoption of Christianity in Armenia. It should be noted that the Dram is not pegged to any other currency, unlike the currencies of many other nations.
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