Armenian Dram

Armenian Dram

Armenian Dram overview

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.

1 AMD to USD exchange rates chart

AMD to  exchange rates chart

Armenian Dram news

Transactions with corporate bonds at NASDAQ OMX Armenia stock exchange double in seven months
Transactions with corporate bonds at NASDAQ OMX Armenia stock exchange double in seven months

The amount of transactions with corporate bonds effected at NASDAQ OMX Armenia stock exchange in the first 7 months of 2018 doubled when compared to the same period last year, according to data, provided by the exchange | ArmBanks.am

4 days indicative positive
VTB Bank (Armenia) launches savings account with interest rate up to 9.5%
VTB Bank (Armenia) launches savings account with interest rate up to 9.5%

VTB Bank (Armenia) has launched today a new deposit product, designed for those of customers who wish to save and increase their money in Armenian drams and have the opportunity to replenish it and withdraw money from the account whenever they want without any restrictions | ArmBanks.am

4 days conditional positive
New judge to consider Kocharyan’s lawyers’ petition for his release from custody on bail

ARKA delivers the latest breaking news and information on politics, economy, education, business and more.

4 days subjunctive neutral
Armenian ex-president’s lawyers ask SIS to stop criminal prosecution against their client

ARKA delivers the latest breaking news and information on politics, economy, education, business and more.

7 days conditional negative
ACBA-CREDIT AGRICOLE BANK listed its bonds on NASDAQ OMX Armenia
ACBA-CREDIT AGRICOLE BANK listed its bonds on NASDAQ OMX Armenia

Today NASDAQ OMX Armenia listed ACBA-CREDIT AGRICOLE BANK’s AMD- and USD-denominated bonds on its Abond list (ISIN AMACBAB24ER4 and AMACBAB23ER6 respectively), thus permitting manual and repo trading of these bonds | ArmBanks.am

9 days indicative neutral
Armenian banks’ lending surpasses for the first time 3 trillion drams
Armenian banks’ lending surpasses for the first time 3 trillion drams

Armenian banks’ lending amounted to 3.022.1 trillion drams in late October, having increased by 34.8 billion drams or 1.16% from the previous month, the Central Bank said | ArmBanks.am

14 days indicative negative
Should Armenia Grant Citizenship to Foreign Investors?
Should Armenia Grant Citizenship to Foreign Investors?

The Acting Prime Minister of Armenia Nikol Pashinyan has made attracting overseas investors the priority of his new government.

21 days conditional neutral
Armenian insurance companies post 77% drop in net profit
Armenian insurance companies post 77% drop in net profit

Six insurance companies operating in Armenia earned a total of 387.5 million drams in net profit in the first nine months of this year, down from 1.711 billion drams they had earned a year earlier | ArmBanks.am

22 days indicative neutral
Armenia’s former defense minister is Russian citizen

ARKA delivers the latest breaking news and information on politics, economy, education, business and more.

24 days indicative negative
OUTLOOK 2019 Armenia

OUTLOOK 2019 Armenia. What a stupendous year 2018 was for ‘velvet revolutionary’ Pashinian. First a victorious revolution. Then a crushing election triumph. Now for the post-revolution future.

28 days conditional positive

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