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General TradingA
Armenian Dram (AMD)
The official currency of Armenia, abbreviated AMD. It is subdivided into 100 luma and is issued by the Central Bank of Armenia. As an exotic currency, the Dram trades with limited liquidity on international forex markets and is most commonly paired against the US dollar or euro.
Example
“The Armenian Dram experienced a brief period of strengthening after the central bank raised its benchmark interest rate.”