FAST FACTS ABOUT ARMENIA
The Republic of Armenia has its own currency. The fixed monetary unit is Armenian dram (AMD), or just “dram”, in plural – “drams”. On the territory of Nagorno-Karabakh Republic the currency of Armenia is used. Nowadays bank notes with tenors of 1000, 5000, 10 000, 20 000, 50 000 and 100 000 drams, as well as bits with tenors of 10, 20, 50, 100, 200, 500 drams circulate in Armenia and Nagorno-Karabakh Republic.
Check the daily updated rate of exchange in our website
The receipt of cash in bank automatic teller machines (ATM)
The holders of international credit and debit cards such as “VISA”, “MASTER CARD”, and “MAESTRO” can receive cash in local or foreign currency in banks working with their credit companies. ATMs are mainly placed at the bank entrances or in supermarkets. You can also find them in other public places.
Exchange points are available in almost all banks and supermarkets as well as in post offices.
According to the existing legislation only Armenian drams are to be paid for purchasing goods or services. All the payments are done taking into account taxes. Suppliers of goods and service providers have no right to accept payments or give change in foreign currency.