Wed, 2 July
24.1 C
Yerevan
USD: 385.32 RUB: 4.91 EUR: 455.06 GEL: 141.61 GBP: 530.70

Armenian dram is 30 years old: Yerevan hosts international conference on etymology and development of national currency

YEREVAN, June 9. /ARKA/. Armenia’s national currency, the dram, has become 30 years old this year. To commemorate this historic date a two-day international conference titled “The source study value of the coin” kicked off at the Armenian History Museum.

Dozens of researchers from Armenia, the U.S., Russia, Lebanon, France, China, Great Britain, Switzerland and Iran are taking part in the conference organized by the Armenian History Museum. Specialists will share their own research results, ideas and thoughts in the field of numismatics.

The conference focuses on important numismatic issues in the context of their historical, cultural, modern, national and state importance.

The Deputy Chairman of the Central Bank Hovhannes Khachatryan told ARKA News Agency that the conference looks into the etymological issues of the Armenian currency, as well as the history of the formation, creation and development of the dram in the past thirty years.

“Today the Armenian dram by its characteristics is a monetary instrument equipped with high level security systems,” he noted.

Speaking of commemorative coins, Khachatryan stressed that the Central Bank periodically issues them to popularize Armenia’s prominent statesmen and important events in the country’s history.

“Our commemorative coins are appreciated at various international exhibitions. We are known in the numismatic world as a country producing quality and interesting commemorative coins,” he said. -0-

spot_img

POPULAR

AMX Reaffirms Compliance with International ISO Standards

The Armenia Stock Exchange and Central Depository (AMX) have successfully completed their compliance certification with ISO 27001:2022 for Information Security Management and ISO 9001:2015 for Quality Management Systems.

Euro falls by 0.62 points to 450.23 drams

The average market exchange rate of the US dollar against the Armenian dram as of June 27, 2025, decreased by 0.59 points compared to June 26 and amounted to 384.32 drams.

Ratio of loans to deposits in commercial banks of Armenia has improved – WB review

In April 2025, deposits and loans of commercial banks of Armenia increased by 1.5% y/y and 0.8% y/y, respectively, slightly improving the ratio of loans to deposits compared to the figures for the previous year.

Armenia to receive EUR 26 million loan from KfW bank for renewable energy development

Armenia will receive a loan and a grant from the German KfW bank for the implementation of the "Renewable Energy and Energy Efficiency Development" program.

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

LATEST NEWS

spot_imgspot_imgspot_img