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Armenian drams Currency Online Casinos

Now we analyze the Armenian drams that became the official currency of Armenia, as well as Nagorno-Karabakh. One dram is equivalent to 100 loumes, but they are not used. If the rate is AMD 500 per dollar, the louma is equal to 0.02 cents. After the disintegration of the USSR in 1991, Armenian drams remained national currency for more than 2 years, at that time it was decided to leave the ruble zone. In July 26, 1993, there was introduced a new ruble in Russia, so the country moved away from the use of the Soviet ruble. Then Turkmenistan, Tajikistan, Uzbekistan introduced their own national currencies. At the same time, Armenia continued to suffer from crisis. The blockade and the Karabakh war were a significant threat of the return of the Soviet ruble and the de-organization of finance. The Central Bank of the Republic of Armenia introduced the national currency into circulation in 1993. The symbol of the drams is the crossed out letter “yes”, it is present only in the Armenian alphabet. In the 11th century, when the Cilician Armenian state appeared, a coin of silver called the dram appeared. During the reflection on the introduction of a certain shaft, there were such variants as dram, stack, ibar, daekan, for derivative mnradram, manr, them, zuza, plica, luma. First, the dram rate was 20 to 1, but after the country began to experience a crisis and other economic difficulties, the situation with dollar caused the fall of the dram by 15 times. After other 4 years the rate was AMD 500 per dollar, from 1994 to 2013 the Armenian dram fell against the US dollar by 1, 46 times, and this indicator is quite high for the countries of the post-Soviet space. One of the important influential factors on the course are private money transfers, 35% of Armenian citizens receive them.

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Bet365 Casino

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Established
2001
Software
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Visa
Restricted Countries
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Live Chat
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Playamo Casino

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Live Chat
Yes
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Exactly this leads to a deterioration in the financial situation in the country, imports increase, exports decline, which is expressed later in deindustrialization. Armenian drams are also used on the territory of the unrecognized Nagorno-Karabakh Republic. The coins of 1994 are made of aluminum, on the reverse side there is the coat of arms of the Republic of Armenia, as well as the inscription Armenia. The coins show the face value, signature, the year of manufacture, as well as a frame of two branches. Lums ceased to be a monetary unit after in 1994 the currency fell 15 times against the dollar. New coins were issued in 2003-2004. On the obverse, there is the coat of arms of Armenia with the ring inscription Republic of Armenia, also on other coins, except for 500 drams there is a verbal denomination of the face value. Basically, the coins are made of aluminum, copper, steel, nickel, and brass. The design of modern banknotes was developed by a company from America called “Thomas de la Rohe”, and the previous series was created in 1993-1995 by a German company, so modern ones are more colorful in decoration. They can boast of a significant difference from the previous series, offering inscriptions the Central Bank of the Republic of Armenia, a serial number of eight digits, as well as a single letter. The banknotes have spirals that protect against forgery, a banknote of 1000 drams has 2 different spirals. New portraits of well-known figures of culture and science of Armenia are also depicted, while there were architectural monuments on previous ones. By the way, there are no new types of watermarks on new banknotes.

Most popular casino with this currency

After the Soviet Union fell, Armenia introduced the use of gambling, and made it legal. There are online sites with a license that offer a huge selection of online slots, and other games with the use of Armenian drams. Foreign online casinos do not accept drams, so you will have to convert the currency. However, if you play on domestic sites, then you easily deposit and withdraw money in Armenian drams. A small number of on-line casinos makes it possible to play with Armenian drams. One of them is called Oxbet, where more than 2000 games, slots, sports betting are presented. This casino is played in 29 languages, such as English, Belarusian, Estonian, German, Greek, Indonesian, Lithuanian, Polish, Portuguese, Slovak, Spanish, Romanian, Russian, Vietnamese, Swedish, Italian, Hungarian, Japanese, Korean, Danish, German. Forbidden countries are Israel, Romania, Great Britain. There is no limit on the withdrawal of funds. The site is supported by smartphones on Android / iOS, and all operating systems of computers. You can use more than 76 world currencies, 48 options to pay for deposits and withdraw cash. Games are executed by such providers as Endorfina, Microgaming, Evolution Gaming, Game Art, Playtech, Amatic Industries, Tom Horn Gaming, Aristocrat Gaming, Igrosoft, Ezugi, Betixon, InBet. You can play with such currencies as Armenian dram, American dollar, Ukrainian hryvnia, Polish zloty, Czech crown, Tunisian dinar, Ugandan shilling, Brazilian real, Macedonian dinar. Conditions for withdrawing funds are as follows: an electronic purse – up to 24 hours, a credit or debit card – up to 5 days, bank transfer is also not more than 5 days, there is no limit on the amount of withdrawal.

How to deposit Armenian drams

To deposit money, you need to find an online casino, where it is allowed to use Armenian drams. We have already named such sites. The most popular methods of depositing are electronic wallets, bank transfers, credit or debit cards. So you can use Skrill, Neteller, Mastercard, Postepay, Payeer, Trustly, Astropay, Instant Banking, Giropay, Otopay, ecoPayz, Trustpay, DineroMail, Yandex.Money, QIWI Wallet, Webmoney, Wechat Pay, Ticket Premium, PayKwik, WalletOne, Sberbank of Russia, Entropay.

How to withdraw the currency

To withdraw money from an account in an online casino, you need to know how much you can withdraw and how long it will take. In online casinos, there are certain limits to withdraw money. By the way, there are methods designed for this: Mastercard, Visa, AstroPay, EU SEPA, BPAY, UnionPay, Otopay, Qiwi Wallet, Yandex.Money, WebMoney, Help2Pay, Bank transfer, Paysafecard, Beeline, Skrill.

Conclusion and verdict for Armenian dram

Now we will sum up all the info over the Armenian dram. This currency was created as far back as the 11th century, and even then began to be used in circulation of goods and money. But after joining the Soviet Union, the Republic of Armenia on its territory introduced the Soviet ruble, which existed until 1991. After the collapse of the Union, the question about the introduction of its own currency arose, and all voted for dram. After that, there was a lot of transformations of banknotes, changes of design and exchange rates. Some online casinos do not offer Armenian drams for depositing, so will be necessary to convert the currency into American dollars. To withdraw money, as well as to enter, you need to explore possible options, out of more than 30 methods to choose the right one. You need to clearly understand terms for withdrawing money, and how much you can specifically withdraw to the account. Each online casino has its limit. By the way, some institutions have none.

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