Armenian dram

The dram (Armenian: Դրամ; sign: ; code: AMD) is the monetary unit of Armenia. It is subdivided into 100 luma (Armenian: լումա). The word "dram" translates into English as "money" and is cognate with the Greek drachma and the Arabic dirham. The first instance of a dram currency was in the period from 1199 to 1375, when silver coins called dram were issued.

History

On 21 September 1991, a national referendum proclaimed Armenia as an independent republic from the Soviet Union. The Central Bank of Armenia, established on 27 March 1993, was given the exclusive right of issuing the national currency.

In the immediate aftermath of the collapse of the Soviet Union attempts were made to maintain a common currency (the Russian ruble) among CIS states. Armenia joined this rublezone. However it soon became clear that maintaining a currency union in the unstable political and economical circumstances of the post-Soviet states would be very difficult. The rublezone effectively collapsed with the unilateral monetary reform in Russia, 1993. As result the states that were still participating (Kazakhstan, Uzbekistan, Turkmenistan, Moldova, Armenia and Georgia) were 'pushed out' and forced to introduce separate currencies. Armenia was one of the last countries to do so when it introduced the dram on 22 November 1993.

Loading... please wait...
This page contains text from Wikipedia, the Free Encyclopedia - https://wn.com/Armenian_dram

Podcasts:

Email this Page Play all in Full Screen Show More Related Videos
PLAYLIST TIME:

Full Frontal Fridays

by: Lamya

I sleep and dream that life is
All beauty
I wake and find that life is
All just duty
But in the days before the dilution
Music Pollution
Oh we positively sparkled on TV
Yeah from Full Frontal Fridays
To Flashback Ruby Tuesdays
Same old picture in a brand new frame
But the song remains the same
The first time was better
Playing by new rules
Age-old-game - double the pressure
Half the pleasure
City full of windows and design
Towering towers of lies
To climb and climb and climb
Dreams of the view
View from the top
Pushing for the pressure to drop
Don't want to end where the mistery stops
I wanne be where the
Sun never sets on a city
That never skips a beat
Sun always shines
On a set that never sleeps
Sound bites
Set betting our hedges
Trapped in the meshes
Stuck in the marshes
And only time, time, time marches on
From Full Frontal Fridays
To Flashback Ruby Tuesdays
Same old picture in a brand new frame
But the song remains the same
The first time was better
Playing by new rules
Age-old-game - double the pressure
Half the pleasure
From Full Frontal Fridays
To Flashback Ruby Tuesdays
Glossing over where you placed the blame
(I hear) remember my name
You'll be screaming it later
Scream my name
You'll remember it better when it hits
In the shiny glow
Of 90210
Before Jerry Springer
The thongs, thongs
And the video-ho
Back before we were
Tangled in drama
Douching for dollars
Bimbo to scholar
Oh we positively sparkled on TV
From Full Frontal Fridays
To Flashback Ruby Tuesdays
Lazy Sunday Bloody Mary Sundays
Switch on make-believe
Mondays always look better
Gleaming in my reverie
So much better sparkling on TV
Sun never sets on a city
That never skips a beat
Sun always shines
On a set that never sleeps
Sound bites
Set betting our hedges
Trapped in the meshes
Stuck in the marshes




×
×
×
×