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

Armenia’s top ten most profitable credit organizations in first 9 months of 2018
Armenia’s top ten most profitable credit organizations in first 9 months of 2018

Out of 35 credit organizations operating in Armenia, 33 were profitable in the third quarter of 2018 earning a total of 38.58 billion drams, according to ARKA news agency’s ranking. The other 2 companies reported losses to the tune of 35.2 million drams | ArmBanks.am

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European Trade Marketing Manager at Atom Brands
European Trade Marketing Manager at Atom Brands

Do you have a passion for marketing and a love for craft spirits? Do you want to join one of the fastest growing craft brands on planet earth? Then we...

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Yuri Khachaturov dismissed as secretary general of CSTO

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

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IFC to issue Papua New Guinea's first AAA-rated domestic bond to deepen financial markets
IFC to issue Papua New Guinea's first AAA-rated domestic bond to deepen financial markets

The International Finance Corporation is intending to issue a AAA bond as part of its efforts to deepen the financial markets in Papua New Guinea, according to John Vivian, IFC’s Resident Representative for Papua New Guinea. He tells Business Advantage PNG that the IFC is working across a broad spectrum of financial sector reforms.

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Germany’s ambassador describes Armenian currency as stable

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

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Some 13.8 billion drams worth transactions with corporate bonds effected at NASDAQ OMX Armenia stock exchange
Some 13.8 billion drams worth transactions with corporate bonds effected at NASDAQ OMX Armenia stock exchange

Some 1,104 transactions with corporate bonds to the tune of 13.8 billion drams (the equivalent of $28.5 million) were effected in the first nine months of 2018 at the NASDAQ OMX Armenia stock exchange, by 46.8% more than the cost of transactions effected in the same time span in 2017 | ArmBanks.am

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Ameriabank dram- and dollar-denominated bonds listed at NASDAQ OMX Armenia
Ameriabank dram- and dollar-denominated bonds listed at NASDAQ OMX Armenia

On October 29, Ameriabank listed dram- and dollar- denominated coupon bonds on NASDAQ OMX Armenia Exchange's Secondary Bbond List, the press office of the stock exchange reports | ArmBanks.am

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