Armenia currency guide: coins, notes, and exchange

Planning a trip to the Republic of Armenia? Whether you’re wandering through Yerevan’s café-lined streets or exploring monasteries in the mountains, understanding the Armenia currency is key to making the most of your journey. 

Here’s your complete guide to the Armenian dram, from its fascinating story, exchange rates and how to order yours easily with Manor FX. 

What is the official currency of Armenia?

The official currency of Armenia is the Armenian dram (code AMD), recognised as the national currency of the Republic of Armenia. 

It’s symbolised by ֏, often written simply as AMD on digital displays and price tags. 

The dram has been in circulation since 1993, replacing the rouble after the country’s independence from the Soviet Union.

Locals use the dram every day, from small café purchases to major transactions. 

If you’re planning to pay in cash, having dram ready will make life easier, as not every shop or taxi accepts cards.

The story behind the Armenian dram

The word dram comes from the Greek term drachma, meaning “a handful,” and this ancient root reflects Armenia’s long connection with trade and money. 

The dram was officially adopted in November 1993, after Armenia issued its own national currency to replace the Soviet rouble.

Since then, the Central Bank of Armenia has managed the currency, overseeing design updates, denominations, and exchange rate stability. 

Historically, the dram has symbolised independence and national pride – even the banknotes feature artists, poets, and landmarks that tell Armenia’s story.

Armenian dram coins and denominations

You’ll find Armenian dram coins in a variety of denominations, including 10, 20, 50, 100, 200, and 500 drams. 

Older silver coins called dram were once popular with collectors, but today’s new Armenian drams are lighter, practical, and designed for daily use.

The Central Bank mints these coins that often depict cultural motifs and heritage scenes. 

While card payments are increasingly common in Yerevan, coins still come in handy for taxis, small shops, and tips.

Armenian dram notes in circulation today

Current Armenian dram notes come in denominations of 1,000, 2,000, 5,000, 10,000, 20,000, 50,000, and 100,000 drams. 

Each banknote tells a piece of Armenia’s cultural identity, from ancient architecture to portraits of national figures.

In 2018, the Central Bank released a fresh series of Armenian dram notes, introducing polymer designs with enhanced security and longer circulation life. 

Look closely and you’ll spot nods to famous writers and monuments – even St Gregory the Illuminator, reflecting Armenia’s state religion and deep heritage.

The Armenian dram symbol

The Armenian dram symbol (֏) became official after the Central Bank held a national design competition. 

The code AMD follows international standards, so when you check online currency converters or bank apps, AMD will always represent the Armenian dram currency.

Whether you’re paying in person or digitally, the dram remains a trusted, modern currency.

How the Armenian currency evolved

Since its first issue, Armenia has issued several updated series to improve quality and reflect modern design. 

The most recent redesign came in November 2017, marking 25 years since the dram’s adoption. 

Each banknote series is carefully designed to highlight the Republic of Armenia’s art, music, and architecture.

Historically, older notes have become popular with collectors, especially limited-edition 200 and 500 dram prints. 

The Central Bank archives display some of these vintage designs for people interested in numismatic history.

Armenian currency exchange and current rates 

If you’re curious about the Armenian dram exchange rate, it’s helpful to remember that the rate fluctuates depending on global markets, banks, and demand. 

The dram generally trades steadily against the USD and GBP, offering fair value for travellers.

You can check the live AMD exchange online to find the best conversion rate. 

Most banks in Yerevan and tourist areas accept foreign currency exchange, but it’s often cheaper to order your Armenian currency in advance.

At Manor FX, you can secure a competitive exchange rate and avoid unnecessary fees – giving you more spending money today.

Exchanging GBP to Armenian currency made easy

The GBP to Armenian dram exchange rate shifts daily, so it’s best to order your Armenian currency in advance to secure the most competitive rate before you travel.

At Manor FX, you can easily check the live Armenian dram exchange rate, see exactly how much AMD you’ll receive for your pounds, and avoid surprise fees. 

This helps you plan your budget and make your money go further.

If you return home with leftover Armenian drams, we can help you with your Armenian currency to GBP exchange.  

How to get your currency with Manor FX

Ordering Republic of Armenia currency with Manor FX is straightforward, designed with travellers in mind and making your preparations stress-free.  

Here’s how to get started today.

1. Start your order

Head to Manor FX and select Armenian dram (AMD) from the list. 

Enter how much money you’d like to buy or the amount of pounds you want to spend. 

You can also add multiple currencies if you’re touring neighbouring countries.

2. Choose your delivery or collection method

Opt for secure home delivery or collection from our London location. 

Both are designed to save time and suit your travel plans.

3. Check your exchange rate

Before confirming, you’ll see a live, locked-in exchange rate, full cost breakdown, and any fees. 

That means no surprises – just transparent pricing and great value.

4. Complete your details

Fill in your name, contact info, and delivery address. 

Our system is making it quick and easy to order securely.

5. Receive your dram

Once confirmed, we’ll send your order safely by insured post or have it ready for collection. 

Simple, secure, and efficient – the way travel money should be. 

Fun facts about the Armenian dram

• Armenia’s national currency was among the first in the region to adopt polymer banknotes.
• Greek influence appears in both the word dram and early coin designs.
• The Central Bank issues commemorative coins marking important anniversary years, often sought by collectors.
• St Gregory the Illuminator appears on high-value notes, representing the state religion and Armenian heritage.

Takeaways

From its post-Soviet Union beginnings to modern electronic money systems, the Armenian dram remains a proud symbol of national identity. 

It’s more than just a means of payment – it tells a story of independence, art, and resilience.

If you’re planning to travel soon, you can get the best exchange rate with Manor FX, avoid hidden fees, and enjoy your trip to the Republic of Armenia with cash in hand.

And don’t forget, we’ll convert your leftover Armenia currency to GBP on your return at great rates!

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