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Monument to Armenian dram unveiled in Yerevan
2008-11-22 14:27:00
ArmInfo. A monument to Armenia's national currency, Armenian dram
(AMD), was unveiled in Yerevan today on the occasion of the 15th
birthday of the currency.
Prime Minister of Armenia TIgran Sargsyan, President of the Central
Bank of Armenia Artur Javadyan, Deputy Managing Director of IMF Murilo
Portugal and other officials attended the ceremony.
Sargsyan said that the monument symbolized the short but eventful
history of Armenia's financial sector. In the early 1990s the sector
faced lots of problems. One of them was that people did not trust
Armenian banks and Armenian currency. "We worked hard and managed to
enhance people's confidence in our financial system and national
currency," Sargsyan said. "We want AMD to have good reputation both
inside and outside Armenia," he said.
The first lot of AMDs was brought into Armenia in Oct 1993. Then the
AMD/USD exchange rate was 14.5 AMD/1 USD. Today, it is 305.94 AMD/1
USD.
2008-11-22 14:27:00
ArmInfo. A monument to Armenia's national currency, Armenian dram
(AMD), was unveiled in Yerevan today on the occasion of the 15th
birthday of the currency.
Prime Minister of Armenia TIgran Sargsyan, President of the Central
Bank of Armenia Artur Javadyan, Deputy Managing Director of IMF Murilo
Portugal and other officials attended the ceremony.
Sargsyan said that the monument symbolized the short but eventful
history of Armenia's financial sector. In the early 1990s the sector
faced lots of problems. One of them was that people did not trust
Armenian banks and Armenian currency. "We worked hard and managed to
enhance people's confidence in our financial system and national
currency," Sargsyan said. "We want AMD to have good reputation both
inside and outside Armenia," he said.
The first lot of AMDs was brought into Armenia in Oct 1993. Then the
AMD/USD exchange rate was 14.5 AMD/1 USD. Today, it is 305.94 AMD/1
USD.