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Information about the Armenian Dram
Currency
Armenian Dram (AMD) = 100 luma. Dram notes are printed in denominations of AMD50,000, 20,000, 10,000, 5000, 1000, 500, 200, 100, 50, 25 and 10. Coins are in denominations of AMD500, 200, 100, 50, 20, 10 and 1, and 50 and 20 luma.
Note: The government is intending to phase out all banknotes less than AMD500.
Currency exchange
Foreign currencies can be exchanged at the airports, banks and most hotels and shops during normal opening hours. US Dollars are the most widely recognised foreign currency. Visitors using the national currency are advised to carry plenty of small change as some shops and, particularly markets, may be unable to accept large denominations.
Credit & debit cards
Major credit cards are accepted in most cities. ATMS are available in major cities.
Traveller's cheques
These are accepted in a few shops and hotels. To avoid additional exchange rate charges, travellers are advised to take traveller's cheques in US Dollars.
Currency restrictions
The import of local and foreign currency is unlimited, however cash amounts in excess of $10,000 or equivalent must be declared. The export of local and foreign currency is unlimited, however cash amounts in excess of US$10,000 or equivalent are prohibited and must be transferred via a bank.
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FOREIGN CURRENCY EXCHANGE SERVICES
