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Armenian Dram - Yerevan
Armenian Dram

Favorite thing: The local currency is Armenian Dram (AMD). The exchange rate is approximately 1 USD = 370 AMD. This exchange rate is not fixed and the dollar has decreased significantly since 2005 against the Dram. Currency can be exchanged at the airport, at banks and at most hotels as well as in many exchange points throughout the city. There are a number of ATMs in the center of Yerevan.

Armenia remains largely a cash-only economy. Credit cards are accepted at some businesses, at major hotels and restaurants in Yerevan, but rarely outside of the capital. Limited facilities exist for cashing traveler's checks and wiring money into the country.

Review Helpfulness: 4 out of 5 stars

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  • Written Feb 19, 2007
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