Currencies

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.

ISO 4127:
AMD
Numeric:
051
1.00 Dram = 0.0021 US Dollar
(date: 06/24/2018)



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Exchange rate history 1000 AMD in USD



Dram as currency

CountryRegion
ArmeniaWestern Asia




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

US Dollar as currency

CountryRegion
American SamoaPolynesia
British Virgin IslandsCaribbean
EcuadorSouth America
El SalvadorCentral America
GuamMicronesia
East TimorSoutheast Asia
Marshall IslandsMicronesia
Micronesia, Federated States ofMicronesia
PalauMicronesia
Northern Mariana IslandsMicronesia
Puerto RicoCaribbean
Turks and Caicos IslandsCaribbean
United StatesNorth America
Virgin IslandsCaribbean
British Indian Ocean TerritoryEastern Africa
Bonaire, Saint Eustatius and SabaCaribbean