Armenian Dram
The Armenian dram (; Armenian dram sign, sign: ֏; abbreviation: դր.; ISO 4217, ISO code: AMD) is the currency of Armenia. It was historically subdivided into 100 luma (). The Central Bank of Armenia is responsible for issuance and circulation of dram banknotes and coins, as well as implementing the monetary policy of Armenia. The word ''dram'' means "money" and is cognate with the Greek Modern drachma, drachma and the Arabic dirham, as well as the English weight unit Dram (unit), dram. History The first instance of a "dram" currency was in the period from 1199 to 1375, when silver coins called ''dram'' or ''tram'' were issued. Dram or Takvorin coinage would periodically continue to be produced for some time until the loss of Armenia's independence. The establishment of Russian Armenia saw the adoption of the Imperial ruble, followed by a series of attempts to localize the Russian ruble under the Soviet Union and Commonwealth of Independent States (CIS). On 21 September 199 ...
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