Countries that use the Dram
The Dram was established in 1993 as an official national currency and is used only in Armenia. 1 Dram is devided into 100 Lumma.
1.00 Dram = 0.0021 US Dollar
Exchange rate history 1000 AMD in USD
Dram as currency
Currency reserves for the Dram
According to the International Monetary Fund, the total broad money (M3) amounted to AMD 2,582.78 billion at the end of 2017. For currency hedging, reserves were held in a total amount of 1,254.67 billion Drams. This corresponds to a ratio of 1:2.1. Or in other words: 1 of 2 Drams is deposited with a countervalue, which is internationally already above average.
All currency reserves are only held as foreign currencies, special drawing rights in the International Monetary Fund and other reserve positions. There are no governmental gold stocks.Worldwide currency and gold reserves
All information without guarantee.