Dram (AMD) is a national currency of Armenia.
As of July 2010:
1 USD = approx. 364 AMD
1 EUR = approx. 470 AMD
The rates can vary. Check for the most recent rates.
When arriving in Zvartnots International Airport exchange only 20-30 USD for taxi or airport service as the exchange rate at the airport is always poor. Exchanges can be found all over the city, and do not charge a commission – count your money on the spot, though they tend to be patently honest. Banks tend to be the least convenient place to exchange, and tend to have the worst rates – exchange on the streets. Exchange rates on the streets are almost all quite competitive, so shopping around is only worthwhile for very large amounts. Stores and restaurants will frequently accept dollars in a pinch, though they prefer dram.
Cash (in dram only) can be withdrawn from numerous ATM's located in the city, but you may have to try several machines before getting money. Try local banks (like Ararat). HSBC ATM's usually refuse to recognise non-Armenian cards. Though VISA and Master Card are accepted in many restaurants, supermarkets and shops in Yerevan, carry some cash. To withdraw dollars from your credit card, you can go into a bank.
The Most Frequently Asked Travel Questions about Yerevan
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Yerevan Travel Guide from Wikitravel. Many thanks to all Wikitravel contributors. Text is available under Creative Commons Attribution-ShareAlike 3.0, images are available under various licenses, see each image for details.
