The Armenian national currency is the dram. Paper notes are issued in denominations of 10, 25, 50, 100, 200, 500, 1.000, 5.000, 10.000, 20.000 and 50000 Dram. All new Armenian Dram banknotes have been printed on high quality 100 % cotton fibre paper. Visible and invisible fibres for reasons of security are interwoven in the paper. The government has indicated a plan to phase out of circulation all banknotes less than 500 dram (10, 20, 50, 100, 200, 500), and has already introduced coins to replace the small denominations.
Foreign bank notes can be exchanged at local banks and at exchange counters.
There is no limitation on the amount of money exchanged.
ATM machines in Yerevan function in accordance with the Plus Global Access Network, Visa, and MasterCard systems. The exchange rate in Yerevan has been quite stable and the monetary policies of the Central Bank have been acknowledged by the international community to be largely successful. Recently, the strong financial and economic results of the Armenian banking sector have led to regained confidence of population in the banking system.