Basic Country Data:

• Country ISO Code: AM

• Official Language: Armenian

• Language ISO Code: hy

• Current Official Currency: Armenian dram

• Current Currency ISO Code: AMD

Complete Financial History of the Republic of Armenia (in Armenian):

1. Current Official Currency: Armenian dram (AMD)

• ISO Code: AMD

• Singular Name: dram

• Plural Name: dram

• Monetary Subdivision: 1 dram = 100 luma (historical, currently not in use)

• Subdivision Name Singular: luma (not in use)

• Subdivision Name Plural: luma (not in use)

• Initial Production Date: November 1993

• Initial Circulation Date: since 1993

• Final Production Date: ongoing

• Final Circulation Date: currently in circulation

• Issuing Bank: Central Bank of the Republic of Armenia

• Coin Denominations: 10, 20, 50, 100, 200, 500 dram

• Banknote Denominations: 100, 200, 500, 1000, 2000, 5000, 10000, 20000 dram

• Designs / Symbols:

  • Coins feature national symbols, historical and cultural themes.

  • Banknotes depict notable figures from Armenian culture and history, landscapes, and national symbols.

• Current Circulation Status: active, official currency

• Economic Historical Context:

  • After the dissolution of the USSR in 1991, Armenia restored its independence.

  • The dram was introduced in 1993, replacing the Soviet ruble.

  • Faced periods of economic crisis and inflation but maintained official status.

• Relevant Legislation: Laws of the Republic of Armenia and Central Bank regulations

• Signatories on Banknotes: Central Bank presidents (not publicly disclosed)

• Persons Honored: Armenian historical, cultural, and scientific figures such as Mesrop Mashtots, Hovhannes Tumanyan, Aram Khachaturian, among others.

• Commemorative Coins: issued on various occasions such as independence anniversaries and cultural events.

2. Previous Currencies and Historical Phases

• Soviet ruble until 1993

• During the First Republic of Armenia (1918-1920), local currencies were used in limited areas.

• The Armenian dram was officially issued starting in 1993.

This report presents the financial and monetary history of Armenia, highlighting the current Armenian dram, its subdivisions, issuance dates, design, and economic context since the restoration of independence.