From the history of Armenian coins: birth of Armenian dram on Nov 22, 1993Soviet rubles had been circulating up until November 22, 1993 when the state currency – dram - was released. The Central Bank of Armenia, chaired by Isahak Isahakyan, was formed on March 27, 1993. However, Soviet rubles had been circulating in Armenia up until November 22, 1993 when the state currency – dram - was released, with an exchange rate of 200 rubles to 1 AMD established. November 13, 2013 PanARMENIAN.Net - The Central Bank of Armenia was given an exclusive right to issue the currency. Dram (Armenian: դրամ) is the official currency of Armenia. 1 dram is divided into 100 smaller units called lumas, which are currently not used. The word ‘dram’ translating as ‘money’ was derived from Greek ‘drahma’ (Greek: δραχμή). Graphical symbol of the dram is a capital letter D (Դ) of the Armenian alphabet crossed by two horizontal lines.
K. Komendaryan and R. Arutchyan, who provided identical drafts, are considered the official authors of the symbol. In 1992, the government of Armenia formed a commission for naming, design and circulation mechanisms of the national currency. Among the names offered for the national currency were: dram, stak, ibar, daekan. The following names were suggested for smaller units: manradram, ar, manr, imi, zuza, plik, luma. Then-President of Armenia, Levon Ter-Petrossian, Vice-President Gagik Harutyunyan, Prime Minister Hrant Bagratyan, Supreme Council deputies, officials and experts attended the committee sitting to select a final name. Ter-Petrossian offered dram and luma for main currency and small change, with the suggestion accepted after a vote. In 2003, the graphicl symbol of the currency was featured on a 10000-dram banknote, followed by some other banknotes of different values. In 2008, the symbol was featured on the reverse of a 5000-dram commenorative silver coin, dedicated to the 15th anniversary of the national currency. In 2012, the symbol was included in the Unicode database with an index of U+058F Armenian Dram Sign. Armenian dram is listed as 'AMD' under ISO 4217 international standard. The material was prepared in cooperation with Gevorg Mughalyan, the numismatist of the Central Bank of Armenia. Viktoria Araratyan / PanARMENIAN.Net | Project partner Most popular in the section Marriages by mail Green tourism on the rise in Syunik This winter is ideal for it The cableway, the shoe and the unicycle More articles in this section The growing trend of human microchipping Means of control or convenience? Holy Etchmiadzin prefers solar energy Church invests in alternative energy sources Friendship heals Social relationships impact physical wellbeing | Turkey extends military presence in Azerbaijan The Turkish parliament has adopted a bill submitted by Recep Tayyip Erdogan to extend the mandate of Turkish troops. Russia to begin assessing migrant workers' speaking skills Rosobrnadzor is planning to change the Russian language exam for migrant workers and include an assessment of speaking skills Armenian, Saudi Foreign Minister meet in Riyadh The two commended the positive dynamics of the development of political dialogue between Armenia and Saudi Arabia Pashinyan: Azerbaijan’s proximity shouldn’t worry border residents At the same time, he said that he “does not guarantee [the security of villagers] one hundred percent”. |