AZN to AMD

AZN - Azerbaijani Manat ()
AMD - Armenian Dram (֏)
1 AZN1 AMD

Currency conversion rates from AZN to AMD

AZNAMD
1 AZN1 AMD
5 AZN5 AMD
10 AZN10 AMD
20 AZN20 AMD
50 AZN50 AMD
100 AZN100 AMD
250 AZN250 AMD
500 AZN500 AMD
1000 AZN1000 AMD
2000 AZN2000 AMD
5000 AZN5000 AMD
10000 AZN10000 AMD
AMDAZN
1 AMD1 AZN
5 AMD5 AZN
10 AMD10 AZN
20 AMD20 AZN
50 AMD50 AZN
100 AMD100 AZN
250 AMD250 AZN
500 AMD500 AZN
1000 AMD1000 AZN
2000 AMD2000 AZN
5000 AMD5000 AZN
10000 AMD10000 AZN

AMD - Armenian Dram (֏)

Armenian Dram

The Armenian Dram (AMD) is the currency unit for Armenia. The Central Bank of Armenia owns the exclusive rights to issue the Dram. The symbol for the Dram has not yet become part of the Unicode standard.

The Armenian Dram is the currency in Armenia (AM, ARM). The Armenian Dram is divided into 100 luma. The exchange rate for the Armenian Dram was last updated on May 24, 2019 from Yahoo Finance. The AMD conversion factor has 5 significant digits.

Economy

  • Before Armenia became independent, their economy was mainly industry-based: machinery, electronics, textiles, synthetic rubber, and processed food. Only 20% of the economy was agricultural products.
  • The country developed its industries after 1991 and is now producing knitwear, shoes, silk, trucks, instruments, jewelry, software, brandy, metal-cutting machines, and is processing diamonds.
  • Armenian mines form a large part of the economy: copper, zinc, lead, and gold.
  • Armenia exports energy.
  • Armenia’s economy does not have a strong history, due to the previous control by the Soviet Union.
  • The country’s economy suffered a major draw back after the earthquake in 1998.
  • Unemployment is a huge problem in Armenia.

History

  • Originally silver coins called drams were used from 1199 to 1375.
  • In 1991 Armenia became an independent republic, no longer part of the Soviet Union.
  • In early 1993 the Central Bank of Armenia was opened, but Soviet Union banknotes still circulated until the end of 1993.
  • The new Armenian Dram was also introduced at the end of 1993.
  • Coins replaced the 50, 100, and 500 dram banknotes in 1998.
  • After 2005 banknotes issued from 1993 to 1995 were taken out of circulation.
  • A 500,000-dram banknote was issued in 2001 to commemorate Christianity in the country.

More information about AMD - Armenian Dram (֏)


AZN - Azerbaijani Manat (man.)

Azerbaijani Manat

The New Manat is the currency used in Azerbaijan. There were three Manat currencies issued. The 3rd issue replaced the previous Manat in 2006, with the the new Manat = 5 000 old Manat. There are similarities between the Euro and Manat banknotes; both were designed by Robert Kalina of Austria.

The Azerbaijani Manat is the currency in Azerbaijan (AZ, AZE). The Azerbaijani Manat is divided into 100 gopik. The exchange rate for the Azerbaijani Manat was last updated on May 24, 2019 from Yahoo Finance. The AZN conversion factor has 5 significant digits.

Economy

  • The main economic base of Azerbaijan is oil.
  • The Azerbaijan GDP grew by 41.7 in 2007 and was rated as the fastest-growing economy in the world.
  • Agriculture forms 6% of the economy, services 32 %, and industry the remainder.
  • The top industries are petroleum and petroleum products, cement, textiles, ore, iron, natural gas, cotton, and foodstuffs.
  • There is a restriction on non-citizens; they are not allowed to export the national currency outside of Azerbaijan.
  • The country has a low unemployment rate of 0.9%.
  • The main export is oil. Caspian oil is transported via pipeline to various Mediterranean countries.

History

  • The first Manat was issued 1919 and was in circulation until 1923. After Azerbaijan became part of the Soviet Socialist Republic, the Manat was known in Russia as the Ruble. Both languages were printed on the bank notes, as well as French. There were no coins or small denominations.
  • The Russian Ruble was replaced by the second Azerbaijan Manat in 1992.
  • The new Azerbaijan Manat introduced in 2006 is currently the national currency. Qəpik coins that went out of circulation between 1993 to 2006 were reintroduced.
  • At the end of 2006 the old Manat was taken out of circulation.

More information about AZN - Azerbaijani Manat (man.)