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AMD - Armenian Dram


AMD is considered to be a restricted currency, which implies an inherent limitation to the tradability of this currency. Fund transfers in this currency are not allowed outside of Armenia.

Besides this limitation, this currency is considered to be complex (multiple information to be provided and complex processing).

Currency Guidelines

Besides the standard information, the full name (written out in full, without initials, abbreviations or acronyms) and the physical full address of the beneficiary are mandatory. Please note that it is mandatory a 3-digit bank code is required and has to be added in front of the beneficiary account number.

A clear reason / purpose of payment is mandatory and consists of a full written description (in English) of the nature of payment to be provided in the remittance information. For example: providing an invoice number without guiding text is considered as insufficient and can result in errors or delays. Payments above 20 million AMD might require supporting documentation indicating the purpose of payment (ex: copy of invoice). 

Example: Payment of travel expenses – invoice n° 123456789

Additionally, it is mandatory to provide in the remittance information:

• The beneficiary’s bank full name

• The beneficiary’s bank full address (exact branch location)

Instructions, technical guidelines & more

To consult the Technical Guidelines of this currency, click here

Additional Information

• Available charge options: OUR/SHA/BEN

• Additional information:

Relevant to funds receipt in Armenia:

According to the law on combating money laundering and terrorism financing of Armenia “Reporting entities should identify their customers and verify their identity, based on reliable documents or other information received from competent sources, when:

I. Business relationships are being established;

II. Occasional transaction is being carried out, including a domestic or cross-border wire transfer at a value above 400-fold of the minimal salary in drams or in foreign currency, unless stricter provisions are stipulated by other legal acts;

III. Suspicions arise with regard to the veracity or adequacy of previously obtained customer”

• For more information on law on combating money laundering and terrorism financing:

• Central bank of Armenia: