Pound Sterling to Armenian Dram — exchange rate

The British pound or pound sterling (symbol: £, code: GBP, number: 826) is the national currency of the United Kingdom of Great Britain. It is an official currency of Gibraltar, the Falkland Islands, Saint Helena. The GBP abbreviation is used to identify £ in the international financial arena.

Change is called pence, also known as British pennies. One GBP has 100 pennies. It is one of the oldest world currencies. The currency was issued in 1694, replacing the East African rupee. In spite of mass euro introduction on the European territory, Great Britain refused to get rid of its local currency. Pound sterling has remained the main reserve currency for many governments for a long time.

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.