Question 1

What is the "Currency Exchange Shortchanging" scam in Yerevan?

Accepted Answer

Unofficial exchange booths near the Vernissage Market offer attractive rates but shortchange customers through sleight of hand or by giving damaged low-value notes. Exchange money only at bank branches. Count your cash at the counter before leaving.

Question 2

What is the "Currency Exchange Shortchanging at Street Kiosks" scam in Yerevan?

Accepted Answer

While Yerevan has official licensed currency exchange kiosks throughout Kentron district, unlicensed informal changers operate near tourist sites and bus stations offering slightly better rates. These operators use distraction techniques, rapid counting, and sleight of hand to shortchange visitors. Some kiosks use rate boards showing attractive buy rates but apply the less favorable sell rate without informing the customer. Exchange money only at clearly signposted licensed kiosks displaying their operating license. Count your Armenian dram notes individually before leaving the booth. Confirm which rate applies (buy vs. sell) before handing over any foreign currency.

Question 3

What is the "ATM Card Skimming" scam in Yerevan?

Accepted Answer

Skimming devices have been reported on standalone ATMs near tourist areas in Yerevan. A "helpful" stranger may offer to assist and observe your PIN. Use ATMs inside bank branches only. Cover your PIN and reject all unsolicited help at machines.

Money & ATM Scams in Yerevan

Currency Exchange Shortchanging

Currency Exchange Shortchanging at Street Kiosks

ATM Card Skimming

Experienced a scam here?