Convert Moroccan Dirham to Armenian Dram
Please provide values below to convert Moroccan Dirham [MAD] to Armenian Dram [AMD], or Convert Armenian Dram to Moroccan Dirham.
How to Convert Moroccan Dirham to Armenian Dram
1 MAD = 0.0234558771836179 AMD
Example: convert 15 MAD to AMD:
15 MAD = 15 × 0.0234558771836179 AMD = 0.351838157754268 AMD
Moroccan Dirham to Armenian Dram Conversion Table
| Moroccan Dirham | Armenian Dram |
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Moroccan Dirham
The Moroccan Dirham (MAD) is the official currency of Morocco, used for everyday transactions and issued by the Bank of Morocco.
History/Origin
The Dirham was introduced in 1960, replacing the Moroccan franc, and has undergone various reforms to modernize and stabilize the currency, including decimalization and currency reforms in the 21st century.
Current Use
The MAD is widely used across Morocco for all forms of payment, including cash, electronic transactions, and banking, and is also accepted in some neighboring regions for specific transactions.
Armenian Dram
The Armenian Dram (AMD) is the official currency of Armenia, used for all monetary transactions within the country.
History/Origin
The Armenian Dram was introduced in 1993 following Armenia's independence from the Soviet Union, replacing the Soviet ruble as the national currency.
Current Use
The AMD is actively used in Armenia for everyday transactions, banking, and trade, and is managed by the Central Bank of Armenia.