Euro to Armenian Dram — exchange rate

The euro (sign: €, code: EUR, number: 978) is a currency unit that is used for payment on the Eurozone territory. It is used among the majority of European countries: in Germany, Austria, Spain, France, Greece, etc. A common abbreviation of the currency is EUR.

Every euro is worth 100 cents. Sometimes the coins are called eurocents to avoid misunderstanding. The € currency was introduced in 2002 after the official establishment of the European Union. It has replaced a lot of European currencies: Greek drachma, Lithuanian litas, Slovak krona and so on. Introducing euro on a vast territory has allowed to remove transfer commission connected to conversion. Many preserved local currencies have a rate closely tied to EUR.

The Armenian dram (֏) is the national currency of the Republic of Armenia, used within the borders of this Caucasian country. Abbreviation AMD is used on the exchange market. 1 dram could be previously subdivided into 100 lum.

However, there are no coins or notes worth less than 10 dram used right now. The currency was issued in 1993 after the dissolution of the Soviet Union. Before that, the Soviet rubles had been in use. The country’s symbol on the notes was presented as iconic figures from the Armenian people, and as great architectural and art monuments as well. Being decorated with a colorful design denomination introduces us the national coat of arms. The monetary unit’s name comes from the Greek drachma.