Although Armenia’s economy is still relatively undeveloped, new shops are now opening. The
Vernisaj flea market in Yerevan attracts sellers of all kinds of goods and is popular with tourists.
Shopping hoursMon-Fri 0900-1700. Shops stay open longer in the summer.
Currency Information:CurrencyArmenian Dram (AMD) = 100 luma. Dram notes are printed in denominations of AMD50,000, 20,000, 10,000, 5000, 1000, 500, 200, 100, 50, 25 and 10. Coins are in denominations of AMD500, 200, 100, 50, 20, 10 and
1, and 50 and 20 luma.
Note: The government is intending to phase out all banknotes less than AMD500.
Currency ExchangeForeign currencies can be exchanged at the airports, banks and most hotels and shops during normal opening hours. US Dollars are the most widely recognized foreign currency. Visitors using the national currency are advised to carry plenty of small change as some shops and, particularly markets, may be unable to accept large denominations.
Credit/Debit Cards and ATMsMajor credit cards are accepted in most cities. ATMS are available in major cities.
Traveller's ChequesThese are accepted in a few shops and hotels. To avoid additional exchange rate charges, travelers are advised to take traveller’s cheques in US Dollars.
Banking HoursMon-Fri 0900-1500. Exchange offices are open until midnight and also operate at weekends and on public holidays.
Exchange Rate Indicators| Date | Apr 07 |
| £1.00= | AMD714.27 |
| $1.00= | AMD361.51 |
| €1.00= | AMD482.73 |
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