Armenian Dram


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Armenian Dram

The currency of Armenia. It was introduced in 1993, replacing the Soviet ruble. It is a floating currency.
References in periodicals archive ?
The apex bank has pledged to prevent a further sizable depreciation of the Armenian dram on Tuesday, after stepping up its interventions in the local currency market.
So far, IFC has issued bonds in 17 local emerging market currencies such as Armenian Dram, Chinese Renminbi, Indian Rupee, Peruvian Soles and Zambian Kwacha.
The nominal exchange rate of the Armenian dram with major currencies was fairly stable between 1998 and 2003.
The Armenian dram slipped to AMD435 per dollar on Monday from AMD418 on Friday, continuing a trend that started at the end of October.
The nominal exchange rate of the Armenian dram with major currencies was fairly stable between 1998 and 2003; however, it strengthened sharply starting in 2004, recording around 46% nominal appreciation against the U.
IFC has issued bonds in 16 local currencies, including the Armenian dram, Brazilian real, Chinese renminbi, Indian rupee, and Nigerian naira.
The nominal exchange rate of the Armenian dram with major currencies was fairly stable between 1998 and 2003; however, it has strengthened sharply starting in 2004, recording around 46% nominal appreciation against the U.
The loan, delivered in Armenian dram, will help FINCA expand lending to low-income entrepreneurs, especially in underserved rural areas, through its extensive network of branches across the country.
The European Bank for Reconstruction and Development (EBRD) has issued its first-ever bond in Armenian Dram (AMD), helping to drive forward the development of the local capital market and providing funds for the EBRD s own lending to the Armenian economy in local currency.
So, for the foreseeable future, Turkish lira, Armenian drams, Pakistani rupees, Iraqi dinars and Afghan Afghanis will continue to flow into Iran's treasury in return for reliable supplies of electricity, Oilprice added.
Under the revised system, a first-offense user became subject to a fine up to 200,000 Armenian drams (approximately $540 U.

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