Armenian dram
Armenian dram | |
---|---|
Հայկական Դրամ (Armenian) | |
A 100,000 (haryur hazar) Armenian dram banknote, the highest denominated banknote in circulation. | |
ISO 4217 | |
Code | AMD |
Number | 051 |
Denominations | |
Subunit | |
1/100 | luma (լումա) |
Plural | The language(s) of this currency does not have a morphological plural distinction. |
Symbol |
|
Banknotes | |
Freq. used | 500֏, 1000֏, 5000֏, 10,000֏, 20,000֏, 50,000֏, 100,000֏ |
Rarely used | 50֏, 100֏ |
Coins | 10֏, 20֏, 50֏, 100֏, 200֏, 500֏ |
Demographics | |
User(s) |
|
Issuance | |
Central bank | Central Bank of Armenia |
Website |
www |
Valuation | |
Inflation | 2.7% (Armenia only) |
Source | , January 2018 |
Pegged with | Artsakh dram |
The dram (Armenian: դրամ; sign: ֏; code: AMD) is the monetary unit of Armenia and the neighboring unrecognized Republic of Artsakh (Nagorno-Karabakh). It is subdivided into 100 luma (Armenian: լումա). The word "dram" translates into English as "money" and is cognate with the Greek drachma and the Arabic dirham, as well as the English weight unit dram. The first instance of a dram currency was in the period from 1199 to 1375, when silver coins called dram were issued.
History
On 21 September 1991, a national referendum proclaimed Armenia as an independent republic from the Soviet Union. The Central Bank of Armenia, established on 27 March 1993, was given the exclusive right of issuing the national currency.
In the immediate aftermath of the collapse of the Soviet Union attempts were made to maintain a common currency (the Russian ruble) among CIS states. Armenia joined this rublezone. However it soon became clear that maintaining a currency union in the unstable political and economical circumstances of the post-Soviet states would be very difficult. The rublezone effectively collapsed with the unilateral monetary reform in Russia, 1993. As result the states that were still participating (Kazakhstan, Uzbekistan, Turkmenistan, Moldova, Armenia and Georgia) were 'pushed out' and forced to introduce separate currencies. Armenia was one of the last countries to do so when it introduced the dram on 22 November 1993.[1]
Armenian dram sign
In 1995 the currency sign for the Armenian dram was designed.The Armenian dram sign (֏, image: ֏
).
After its proclamation of independence, Armenia put into circulation its own national currency – Armenian Dram, the usage of which revealed the necessity for a monetary sign. As the result of common business practice and the unique pattern of Armenian letters the shape of the sign and its variations appeared in the business scratches (daybooks). Since that time and until the official endorsement of the sign a number of artists and businessmen developed and offered various shapes for it. Now the Sign (Dram symbol) is present in the Armenian standard for the national characters and symbols and in the Armenian computer fonts.
Coins
In 1994, a first series of aluminium coins was introduced in denominations of 10, 20 and 50 luma, 1, 3, 5 and 10 dram. In 2003 and 2004, a second series consisting of 10, 20, 50, 100, 200 and 500 dram coins was introduced to replace the first series.
The Central Bank has also issued a great number of commemorative coins intended for sale to collectors. A listing can be found at the authorized central bank distributors.[2][3]
First series (1994-2002)
In 1994, a first series of aluminium coins was introduced in denominations of 10-, 20- and 50 luma, 1-, 3-, 5 and 10 dram. At present only the 10 dram coin is still in use. The other coins are officially in circulation but not really used because of their low nominal value.[4][5]
First series (1994) | ||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|
Image | Value | Technical parameters | Description | Date of | ||||||||
Diameter | Mass | Composition | Edge | Obverse | Reverse | first minting | issue | withdrawal | lapse | |||
10 luma[6] | 16.0 mm | 0.59 g | aluminium alloy | Plain | Value, year of minting | Armenian coat of arms | 1994 | February 21, 1994 | Current, but not used in practice |
- | ||
20 luma[7] | 18.0 mm | 0.75 g | Plain | |||||||||
50 luma[8] | 20.0 mm | 0.93 g | Plain | |||||||||
1 |
22.0 mm | 1.39 g | Reeded | |||||||||
3 |
24.0 mm | 1.63 g | Reeded | |||||||||
5 |
26.0 mm | 1.98 g | Plain | |||||||||
10 |
28.0 mm | 2.30 g | Plain | Current |
- All coins bear the year of the first issue (1994).
Second series (2003-present)
In 2003 and 2004, a new series of coins was introduced in denominations of 10-, 20-, 50-, 100-, 200 and 500 dram.
Second series (2003-2004) | ||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|
Image | Value | Technical parameters | Description | Date of | ||||||||
Diameter | Mass | Composition | Edge | Obverse | Reverse | first minting | issue | withdrawal | lapse | |||
10 |
20.0 mm | 1.3 g | aluminium alloy | Reeded | Value, ornaments, year of minting |
Armenian coat of arms | 2004 | December 1, 2004 | Current | - | ||
20 |
20.5 mm | 2.75 g | Copper-plated steel | Plain | 2003 | January 1, 2003 | ||||||
50 |
21.5 mm | 3.5 g | Brass-plated steel | Reeded | March 31, 2003 | |||||||
100 |
22.5 mm | 4.0 g | Nickel-plated steel | Reeded | ||||||||
200 |
24.0 mm | 4.5 g | Alloy of copper, aluminum, nickel |
Reeded | ||||||||
500 |
22.0 mm | 5.0 g | Inner ring: copper-nickel
Outer ring: alloy of copper, |
Segmented (Plain and Reeded sections) |
- All coins bear the year of the first issue (2003 or 2004).
Banknotes
A first series of banknotes was issued in November 1993. It was withdrawn from circulation by 2005. A second series was issued from 1998 onwards which is still in use at present.
First series (1993-1995)
On 22 November 1993, banknotes of 10, 25, 50, 100, 200 and 500 dram were issued.[19] Notes for 1,000 and 5,000 dram were put into circulation later.
First series (1993-1995) | |||||||||
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Image | Value | Dimensions | Main Color | Description | Date of | ||||
Obverse | Reverse | Obverse | Reverse | printing | issue | annulment | |||
10 dram | 125 x 62 mm | Brown and purple | Yerevan Train Station and David of Sasun statue | Mount Ararat | 1993 | November 22, 1993 | April 1, 2004 | ||
25 dram | Yellow, brown and blue | Urartian cuneiform tablet and a lion relief from Erebuni fortress | Ornaments | ||||||
50 dram | Blue and red | National Gallery and History Museum of Armenia | Armenian parliament building | January 1, 2004 | |||||
100 dram | Blue, purple and red | Mount Ararat and Zvartnots Cathedral | Armenian Opera Theater | ||||||
200 dram | 135 x 62 mm | Brown,green, yellow and red | St. Hripsime Church in Echmiadzin | Ornaments | April 1, 2004 | ||||
500 dram | Green, brown and blue | Mount Ararat and a Tigran the Great tetradrachm | September 1, 2005 | ||||||
1,000 dram | 145 x 68 mm | Brown and orange | Mesrop Mashtots statue and Matenadaran | 7th century obelisk monument from Ani | 1994 | October 25, 1994 | March 1, 2004 | ||
5,000 dram | 145 x 71 mm | Green, yellow and purple | Temple of Garni | Bronze head of goddess Anahit kept in the British Museum | 1995 | September 6, 1995 | July 1, 2005 | ||
These images are to scale at 0.7 pixel per millimeter. For table standards, see the banknote specification table. |
Second series (1998-2017)
Banknotes of 50-, 100, and 500 dram are rarely seen in circulation. The 50, 100, and 500 dram coins are used instead.
A commemorative 50,000 dram note was issued on 4 June 2001 in commemoration of the 1700th anniversary of the adoption of Christianity in Armenia. A 500 dram commemorative note was issued on 22 November 2017 to commemorate the story of Noah's Ark.
Second series (1998–2017) | |||||||||
---|---|---|---|---|---|---|---|---|---|
Image | Value | Dimensions | Main Color | Description | Date of | ||||
Obverse | Reverse | Obverse | Reverse | printing | issue | annulment | |||
50 |
122 x 65 mm | Pink, blue and grey | Aram Khachaturian and Armenian Opera Theater | A scene from the ballet Gayane by Khachaturian, and Mount Ararat | 1998 | ?? | April 1, 2004 | ||
100 |
Blue and grey | Viktor Hambardzumyan | Byurakan Observatory | ||||||
500 |
129 x 72 mm | Grey | Alexander Tamanian | Government House in Yerevan designed by Alexander Tamanyan | 1999 | September 1, 2000 | Current | ||
1,000 |
136 x 72 mm | Green and pink | Yeghishe Charents | An image of old Yerevan depicting the government building of the First Republic | 1999 2001 2011 |
March 1, 1999 | |||
5,000 |
143 x 72 mm | Yellow and green | Hovhannes Tumanyan | Nature of Lori from Martiros Saryan's paintings | 1999 2003 2009 2012 |
July 1, 2000 | |||
10,000 |
150 x 72 mm | Purple | Avetik Isahakyan | An image of old Gyumri | 2003 2006 2008 2012 |
November 1, 2003 | |||
20,000 |
155 x 72 mm | Yellow, red and brown | Martiros Saryan | Episode from Martiros Saryan's Armenia landscape | 1999 2007 2009 2012 |
March 1, 1999 | |||
50,000 |
160 x 79 mm | Brown and red | Etchmiadzin Cathedral | St. Gregory the Illuminator and king Tiridates the Great lift up the Armenian Church; on the right - a khachkar from Kecharis Monastery. | 2001 | June 4, 2001 | |||
100,000 |
160 x 72 mm | Blue and brown | Abgar V of Edessa | In the centre St. Thaddeus transfers the mandylion to Abgar V of Edessa.[20] | 2009 | August 24, 2009 | |||
These images are to scale at 0.7 pixel per millimeter. For table standards, see the banknote specification table. |
Third series (2018-present)
A third series of Armenian dram banknotes will be issued in 2018, to commemorate the 25th anniversary of Armenia's national currency.[21] All denominations for this series are the same as its previous issues, with the 2,000 dram banknote as a newly introduced denomination, the 50,000 dram banknote re-issued for this series and the omission of the 100,000 dram banknote for this issue.
Third series (2018-present) | |||||||||
---|---|---|---|---|---|---|---|---|---|
Image | Value | Dimensions | Main Color | Description | Date of | ||||
Obverse | Reverse | Obverse | Reverse | printing | issue | annulment | |||
500 |
140×76 | Brown and grey | Noah's Ark, Etchmiadzin Cathedral on the background of Mount Ararat | Noah, his family members and animals on the background of Mount Ararat | 2017 | ||||
1,000 |
Violet | Paruyr Sevak | 2018 | ||||||
2,000 |
Brown | Tigran Petrosian | 2018 | ||||||
5,000 |
Red | William Saroyan | 2018 | ||||||
10,000 |
Purple | Soghomon Soghomonian (Komitas) | 2018 | ||||||
20,000 |
Blue | Ivan Aivazovsky | 2018 | ||||||
50,000 |
Gold | Saint Gregory the Illuminator | 2018 | ||||||
These images are to scale at 0.7 pixel per millimeter. For table standards, see the banknote specification table. |
Exchange rates
The modern dram came into effect on 22 November 1993, at a rate of 200 rubles = 1 dram (1 USD : 404 AMD). The dram is not pegged to any currency other than the Artsakh dram.
Current AMD exchange rates | |
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From Google Finance: | AUD CAD CHF EUR GBP HKD JPY USD RUB |
From Yahoo! Finance: | AUD CAD CHF EUR GBP HKD JPY USD RUB |
From XE: | AUD CAD CHF EUR GBP HKD JPY USD RUB |
From OANDA: | AUD CAD CHF EUR GBP HKD JPY USD RUB |
From fxtop.com: | AUD CAD CHF EUR GBP HKD JPY USD RUB |
Note: Rates obtained from these websites may be slightly different from the rates the Central Bank of Armenia publishes
See also
References
- ↑ Pomfret, Richard (2001). The IMF and the Ruble zone. Available at: http://www.readcube.com/articles/10.1057/ces.2002.17
- ↑ Armenian commemorative coins for sale
- ↑ Armenian commemorative coins cathalogue
- ↑ BBC (2013). Available at: https://www.bbc.co.uk/news/magazine-21572359
- ↑ Armenian Central Bank. www.cba.am
- ↑ Central Bank of Armenia. Available at: https://www.cba.am/en/SitePages/detailsnccracoinsnotcirculated.aspx?nominal=1
- ↑ Central Bank of Armenia. Available at: https://www.cba.am/en/SitePages/detailsnccracoinsnotcirculated.aspx?nominal=2
- ↑ Central Bank of Armenia. Available at: https://www.cba.am/en/SitePages/detailsnccracoinsnotcirculated.aspx?nominal=3
- ↑ Central Bank of Armenia. Available at: https://www.cba.am/en/SitePages/detailsnccracoinsnotcirculated.aspx?nominal=4
- ↑ Central Bank of Armenia. Available at: https://www.cba.am/en/SitePages/detailsnccracoinsnotcirculated.aspx?nominal=5
- ↑ Central Bank of Armenia. Available at: https://www.cba.am/en/SitePages/detailsnccracoinsnotcirculated.aspx?nominal=6
- ↑ Central Bank of Armenia. Available at: https://www.cba.am/en/SitePages/detailsnccracoinsnotcirculated.aspx?nominal=7
- ↑ Central Bank of Armenia. Available at: https://www.cba.am/en/SitePages/detailsnccracoinscirculated.aspx?nominal=1
- ↑ Central Bank of Armenia. Available at: https://www.cba.am/en/SitePages/detailsnccracoinscirculated.aspx?nominal=2
- ↑ Central Bank of Armenia. Available at: https://www.cba.am/en/SitePages/detailsnccracoinscirculated.aspx?nominal=3
- ↑ Central Bank of Armenia. Available at: https://www.cba.am/en/SitePages/detailsnccracoinscirculated.aspx?nominal=4
- ↑ Central Bank of Armenia. Available at: https://www.cba.am/en/SitePages/detailsnccracoinscirculated.aspx?nominal=5
- ↑ Central Bank of Armenia. Available at: https://www.cba.am/en/SitePages/detailsnccracoinscirculated.aspx?nominal=6
- ↑ "Central Bank Of The Republic Of Armenia". Cba.am. Retrieved 30 May 2013.
- ↑ "Բիզնես 24 - Հայկական Բիզնես Օրաթերթ, 24/08/09". B24.am. 2009-08-24. Retrieved 2011-12-05.
- ↑ "Arguments in Armenia over new banknote design". JAMnews. 2017-11-27. Retrieved 2018-01-12.
External links
Wikimedia Commons has media related to Money of Armenia. |
- Central Bank of Armenia
- Armenian Currency Exchange
- Central Bank of Armenia next day USD to AMD exchange rate prediction Engine
- Armemian Dram Sign History, shape, and promotion of Armenian Dram Sign
- Coin Types from Armenia Lists, pictures, and values of Armenian coin types
- Coins of Armenia at CISCoins.net
- The banknotes of Armenia (in English) (in German)