/ / Monetary unit of Armenia: history and interesting facts

Armenia's monetary unit: history and interesting facts

Какова денежная единица Армении?Skandord or crossword puzzle often includes this issue in his assignments. Often, convulsive searches for an answer on the Internet begin. And it's only worth remembering the name once, so that you'll never get in trouble again.

Monetary unit of Armenia (4 letters)

The state currency of Armenia is a dram.Its name is derived from the Greek drachma, which was known as early as the fifth century BC. Armenia's monetary unit is a freely quoted world currency. Dram without problems can be exchanged in many large banks of most countries of the world.

currency of Armenia

History

The first mention of the drama appeared about a hundred years before our era in the era of King Tigran II the Great.

The historical figure perfectly understood the importanceintroduction of currency and strongly developed this process. At that time only metallic coins were in use. Paper money was considered too expensive and short-lived.

Modern history

The twenty second of November 1993 wasa significant date for the country's economy - its own currency was issued. At the same time, the National Bank began its functional activities, which owns the exclusive right to issue. Its first leader was Isaac Isaakyan.

Like most post-Soviet countries, Armeniawent through several evolutions of money in the country. The first two years of independence, the population enjoyed the Soviet and Russian rubles. This was the so-called transition period. After the introduction of its own currency, Soviet rubles could be exchanged within a week at a rate of 200 to 1. Finally, this process ended on March 17, 1994.

Денежная единица Армении получила буквенное shorthand amd. It is this abbreviation that should be looked for at the stands of exchange offices. The currency of Armenia has a digital code in the global banking system - 051.

За свою историю стоимость валюты менялась не один time. The monetary unit of Armenia for March 2017 has the following course: about 485 drams for one American dollar. And at the time of putting into circulation in 1993, this ratio was only 20 to 1. In 1994 - 300 to 1, and in 1998 - 500 to 1.

Coins

What is the monetary unit of Armenia (4 letters)?Scanword, which you like to solve at your leisure, may contain other similar questions: “what is the name for a piece of change” or “when it appeared in Armenia”.

Small money is called Lum, and they are made of aluminum. For the first time Lum appeared in the state in February 1994. On the obverse of the coin you can see the year of issue, face value and framing of two branches.

In 1994, the following denominations were made: ten, twenty, fifty lum. Also in circulation were coins of one, three, five and ten drams.

Subsequent inflation has seriously reduced the costArmenian money. Most of the citizens lost interest in the Lumas. The changes in the country's economy forced the National Bank to reconsider its policy and introduce new coins in 2003-2004.

First of all, the nominal has changed.Coins worth ten, twenty, fifty, one hundred, two hundred and five hundred drams appeared in circulation. New manufacturing materials were also introduced. In addition to the already familiar aluminum, coins were minted from copper, steel, brass, nickel and their alloys. The five hundred dram coin has become bimetallic. On the obverse appeared the emblem of the republic, as well as a new frame.

currency of Armenia 4 letters

Commemorative and commemorative coins

Like most Central Banks, Armeniannumismatists, collectors and investors are also often pleased with the release of coins on the eve of memorable dates from 1994. As of March 2017, the world has seen over three hundred and fifty varieties of these products.

Production materials - nickel silver, steel, brass, silver and gold of different samples.

Banknotes

In the early nineties making designthe banknotes were entrusted to the German company Giesecke & Devrient. Experts did a good job with their task, but the country's leadership later decided to change the partner.

The style of modern banknotes has been developed byEnglish company Thomas de la Rue, which is one of the world leaders in the manufacture of securities and holograms of various types. Experts have appreciated the bright and colorful design. Banknotes of ten, twenty five, fifty, one hundred, two hundred, five hundred, one thousand and five thousand drachmas were made. The applied images were mainly buildings and sculptures: the railway station, the National Museum, the temples.

monetary unit of Armenia 4 letters scanword

At the turn of the century, the economic situation forced the withdrawal of banknotes of fifty, one hundred and five hundred drams from circulation. In addition, significant work was done to improve the protection against fakes.

The reform resulted in the introduction of banknotes of ten, twenty, fifty and one hundred thousand drams. On this money, among other things, images of prominent Armenians appeared.

currency of Armenia scanword

Conclusion

During the years of gaining independence youngthe republic suffered many difficulties. However, its own national currency is one of the main symbols of independence, which is loved and appreciated by all citizens without exception.