The national currency of Armenia is the dram. In Armenia, both banknotes and coins are referred to as drams. Coins come in denominations of 10, 20, 50, 100, 200, and 500 drams. Banknotes are available in denominations of 1 000, 2 000, 5 000, 10 000, 20 000, 50 000, and 100 000 drams. When you shop and conduct transactions in Armenia, you will use the national currency, the dram. Currency exchange is readily available, as you can find exchange offices in banks, shops, and many supermarkets. Some banks even have self-service exchange ATMs. You can exchange currency in exchange offices without presenting your passport for amounts up to 100,000 drams, while banks allow exchanges up to 300,000 drams. Banks typically operate from 9:00 AM to 4:00 PM on weekdays, with a few open on Saturdays from 10:00 AM to 2:00 PM. Exchange offices are often open from 9:00 AM to 10:00 PM or even until midnight, including weekends and holidays.
To find the best exchange rates for your currency into Armenian drams, we recommend downloading the rate.am application. This app not only displays exchange rates in Yerevan but also helps you locate nearby exchange offices.
As for the currency you should bring to Armenia, we suggest using whatever currency you already have on hand; there’s no need to purchase a specific currency before your trip. If you prefer to have precise information and want to choose the most convenient option, you can use the aforementioned application or visit a website that provides exchange rates for almost all banks and exchange offices in Yerevan.
