Banknotes
The national currency of the Republic of Armenia is dram. ISO code – AMD, the sign – 
One dram is equal to hundred luma. The CBA is vested with the exclusive right to issue currency.
The Republic of Armenia was proclaimed an independent republic on September 21, 1991. This new reality created a need for a national currency.
On March 27, 1992, the national currency of Armenia received its name, “dram”, and designs were approved for future banknotes.
The 1st series of Armenian banknotes was put into circulation on November 22, 1993.
Until March 17, 1994, the 1961-1992 series of Soviet banknotes of 1-ruble to 500-ruble denomination were also in temporary circulation. with an exchange rate of 1 dram for 200 rubles.
The 1st series of Armenian banknotes were in circulation until 2005.
The 2nd series of Armenian banknotes was issued in the period from 1998 to 2009. The design concept changed, and the historical and modern cultural monuments depicted on the 1st series of banknotes were replaced with portraits of persons who have left an invaluable imprint on the culture and historical heritage of Armenia.
The 3rd series of Armenian banknotes was issued in 2018 in commemoration of the 25th anniversary of the Armenian dram.Within terms of design, the series has preserved the principle of depicting famous Armenians, while enlarging thematic and geographical boundaries.