Convert Peruvian Nuevo Sol to Armenian Dram
Please provide values below to convert Peruvian Nuevo Sol [PEN] to Armenian Dram [AMD], or Convert Armenian Dram to Peruvian Nuevo Sol.
How to Convert Peruvian Nuevo Sol to Armenian Dram
1 PEN = 0.00926356518501353 AMD
Example: convert 15 PEN to AMD:
15 PEN = 15 × 0.00926356518501353 AMD = 0.138953477775203 AMD
Peruvian Nuevo Sol to Armenian Dram Conversion Table
| Peruvian Nuevo Sol | Armenian Dram |
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Peruvian Nuevo Sol
The Peruvian Nuevo Sol (PEN) is the official currency of Peru, used for all monetary transactions within the country.
History/Origin
Introduced in 1991 to replace the Peruvian Sol, the Nuevo Sol was established to stabilize the economy and control inflation. It has undergone several reforms and is now the stable currency of Peru.
Current Use
The Nuevo Sol is widely used in everyday transactions, banking, and financial markets in Peru. It is subdivided into 100 céntimos and remains the country's primary legal tender.
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.