Everything you need to know
Armenia Currency
Travelling to or living in Armenia? Managing your money shouldn’t be stressful. With TransferGo, you can send, spend, and exchange money affordably — so more of your money goes where it matters.
Use the GoCard in Armenia
Open a UK bank account with us and get a GoCard for smarter spending in Armenia. Pay in local shops, use ATMs globally, and enjoy contactless payments—all with zero hidden fees. Everything is managed from the app. Available only to UK and EU residents.
What is the currency in Armenia?
The official currency of Armenia is the Armenian dram
The dram replaced the Russian ruble in 1993, shortly after Armenia gained independence. It is subdivided into 100 luma and managed by the Central Bank of Armenia.
AMD, ֏
Banknotes
֏1,000
֏5,000
֏10,000
֏20,000
֏50,000
Coins
֏10
֏20
֏50
֏100
֏200
Popular Dram pairings
A
B
C
D
E
F
G
H
I
J
K
L
M
N
O
P
Q
R
S
T
U
V
W
X
Z
How to spend money in Armenia
Cash is still king in Armenia. While cards are accepted in Yerevan’s hotels, restaurants, and major stores, many smaller shops and rural businesses operate only in cash. ATMs are available in cities, but it’s wise to carry dram when travelling outside urban areas. Mobile payments are growing, but not yet mainstream.
Tips for exchanging money in Armenia
Licensed exchange points are everywhere in Yerevan and usually give fair rates.
Avoid airport exchanges, which have poor rates.
Always pay in dram—foreign currencies aren’t accepted in shops.
Keep small notes handy for taxis, markets, and local transport.
Use TransferGo to send drams directly to Armenian accounts or withdraw with your GoCard—avoiding hidden fees.
Trusted by millions worldwide
For over a decade, TransferGo has made financial services faster, simpler, more affordable—and more accessible to those who need them most.
My experiance with TransferGo is…
My experiance with TransferGo is positiv. They are very profesional and they demand proof of your reason for the transfer, your relationship with the reciver, and your source of fonds. It can maybe be some work to provide this proof but it show profesjonality. I have very good experiance ❤️
First transaction was approved after…
First transaction was approved after few verification, they also have the best rate
I was having a trouble with receiving…
I was having a trouble with receiving the money i sent because of my mistakes and the AI chat also helping team take care of me quickly and solved my problem, thank you a lot guys!
First time I've sent money around the…
First time I've sent money around the world and I can highly recommend transfer go. Absolutely excellent service and so easy to do
Amazing
Transfergo were really quick in their response and solved a problem I didn't think was poosible. I am very grateful!
My transfer completed in seconds
My transfer completed in seconds. Rates were good. No fee paid for my first transfer. Thanks for this! I’m loving it.
Frequently asked questions
What is the official currency used in Armenia?
The Armenian dram (AMD, ֏).
What is the official currency used in Armenia?
Symbol: ֏ | Code: AMD
Can I use my home currency in Armenia?
It’s not widely accepted outside tourist zones; always use dram to avoid extra charges.
How can I use my GoCard in Armenia?
Just activate it in the app and start spending—online or in stores.
Is it better to use cash or card when spending in Armenia?
Cash is preferred in markets and rural areas; cards work in larger stores and hotels.
Are credit or debit cards widely accepted in Armenia?
Yes, especially in Yerevan and other big cities.
Are there ATMs available in Armenia, and are there withdrawal limits?
Yes, mostly in urban centers; rural areas may have fewer machines.
Can I use a GoCard in Armenia?
Yes! You can use your GoCard for spending, withdrawing, or managing your money—with fair rates and no hidden fees.