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Armenian dram
 | This article has an unclear citation style. (February 2022) |
| Հայկական Դրամ (Armenian) | |
|---|---|
.jpg) ֏100,000 banknote, the highest denominated banknote in circulation. | |
| ISO 4217 | |
| Code | AMD (numeric: 051) |
| Subunit | 0.01 |
| Unit | |
| Plural | The language(s) of this currency do(es) not have a morphological plural distinction. |
| Symbol | ֏ |
| Denominations | |
| Subunit | |
| 1⁄100 | luma (լումա) |
| Banknotes | |
| Freq. used | ֏1,000, ֏2,000, ֏5,000, ֏10,000, ֏20,000, ֏50,000 |
| Rarely used | ֏50, ֏100, ֏500, ֏100,000 |
| Coins | |
| Freq. used | ֏10, ֏20, ֏50, ֏100, ֏200, ֏500 |
| Rarely used | 10, 20, 50 luma, ֏1, ֏3, ֏5 |
| Demographics | |
| Date of introduction | 22 November 1993 |
| Replaced | Soviet rouble (SUR) |
| Official user(s) |  Armenia |
| Unofficial user(s) |  Georgia: Javakheti (Javakhk) region (de facto until c. 2005)[1][2][3] |
| Issuance | |
| Central bank | Central Bank of Armenia |
| Website | www |
| Valuation | |
| Inflation | -0.6% |
| Source | [1], December 2023 |
The Armenian dram (Armenian: դրամ; sign: ֏; abbreviation: դր.; ISO code: AMD) is the currency of Armenia. It was historically subdivided into 100 luma (լումա). The Central Bank of Armenia is responsible for issuance and circulation of dram banknotes and coins, as well as implementing the monetary policy of Armenia.
The word dram means "money" and is cognate with the Greek drachma and the Arabic dirham, as well as the English weight unit dram.
- ^ Ter-Matevosyan, Vahram; Currie, Brent (January 2019). "A conflict that did not happen: revisiting the Javakhk affair in Georgia". Nations and Nationalism. 25 (1): 18. doi:10.1111/nana.12454. S2CID 150264423.
Javakhk was also brought into the lari (national currency of Georgia) zone around 2005 (previously the Russian ruble, followed by the Armenian Dram, was the main currency in circulation in Javakhk.
- ^ Øverland, Indra (2009). "The Closure of the Russian Military Base at Akhalkalaki: Challenges for the Local Energy Elite, the Informal Economy and Stability". The Journal of Power Institutions in Post-Soviet Societies (10). doi:10.4000/pipss.3717. hdl:11250/2441585.
...the predominance of the Russian rouble as the principal currency of Javakheti, making the region a de facto part of the rouble zone. The second currency of Javakheti was the Armenian dram, whereas the Georgian lari was used so little that it could sometimes be difficult to get information about the rate of exchange.
- ^ "JAVAKHETI–ANOTHER PROBLEM AREA IN GEORGIA?". Jamestown. Jamestown Foundation. March 7, 2002. Archived from the original on 4 September 2020.
Georgia's national currency, the lari, has almost no circulation in Javakheti. The Armenian dram and the Russian rouble are the everyday currencies.
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