Armenian dram in Argentine Peso

AMD Armenian dram

Country of application:
Armenia

Coin denominations in circulation:
500, 200, 100, 50, 20 and 10 AMD.

Denominations of banknotes in circulation:
100,000, 50,000, 20,000, 10,000, 1,000, 500, 100 and 50 drams.

History reference:
The first Armenian coins were minted in the 3rd century BC. e. Yervandids. Coins were also issued by the Artashesids (II-I centuries BC). The first coins with inscriptions in Armenian letters are kno...wn from the 11th century from Tashir-Dzoraget. At the end of the 11th century, the Cilician Armenian state arose. One of the names of his silver coins was "dram". The currency was issued in 1993 after the collapse of the Soviet Union. Before that, Soviet rubles were used. The symbol of the country on banknotes was presented as iconic figures of the Armenian people, as well as great architectural and artistic monuments. The colorful design is adorned with the national emblem and denomination. The name of the currency comes from the Greek drachma.

ARS Argentine Peso

Country of application:
Argentina

Coin denominations in circulation:
10, 20, 50, 100, 200, 500, 1000 pesos.

Denominations of banknotes in circulation:
1, 2, 5, 10 pesos.

History reference:
Currency abbreviation or currency symbol for the Argentine nuevo peso (ARS), the currency for Argentina. The Argentine song Nuevo was first seen in 1992 when it replaced the australium in the convers...ion of 1 peso to 10,000 australia. Other names for the currency include peso convertible and nuevo peso convertible. The Argentine Nuevo Peso was pegged to the US dollar from 1 peso to one dollar form from 1992 to 2001. In 2002, the peso floated and devalued by about 75%, helping to improve export competitiveness. The export boom led to a massive influx of US dollars into the Argentine economy, which led to the stabilization of the national currency. Some time later, the Central Bank announced support for a strategy to keep the exchange rate between 2.90 and 3.10 pesos to the US dollar in order to maintain export competitiveness. When necessary, the Central Bank prints pesos and buys dollars on the free market (sometimes in large quantities, in the order of 10 to 100 million US dollars a day) to protect the peso from inflation, 27,000 million US dollars have accumulated in the vaults of the Central Bank, despite spending $9,810 million in payment to the IMF in January 2006.