Armenia sandwiched between two Unions
November 27, 2013
Announcing the successful conclusion of negotiations on free trade and bunch of side effect agreements (such as visa liberalisation) after a three-and-a-half year marathon of negotiations with the European Union, and in fact becoming the champion among all six Eastern Partnership nations with the pace of its reforms, Armenia surprised many by performing a U-turn back to the Kremlin embrace, just in the eve of its independence 22nd anniversary. Many in the expert community (plus the diplomats off the record) doubted it was blind pressure from Russia that eventually bore fruits.
Thies Clemenz: I wish that the Dram will continue to power Armenia’s economy as it moves into the next stage of its growth.
November 22, 2013
Armenian national currency – Dram – marks the 20th anniversary November 22. In 2013, the Central Bank of Armenia issued a commemorative silver coin dedicated to the 20th anniversary of the national currency.
The CBA has issued series of silver, gold, copper-nickel alloy coins since 1994; 193 types of coins were issued as of Feb 2013.
November 21, 2013
The Central Bank of Armenia has issued series of silver, gold, copper-nickel alloy coins since 1994.
In many countries, transactions with investment coins are VAT-exempt, what makes them attractive for the population.
November 18, 2013
Investment or ingot coins refer to a special group of coins minted of precious metals: gold, silver, platinum or palladium. Their mintage is a simple process and, unlike, commemorative coins, they lack semi-precious and precious stones, colorful enamel or special wrapping. In many countries, transactions with investment coins are VAT-exempt, what makes them attractive for the population. The cost is calculated on the basis of everyday price quotation of precious metals.
All bank notes have high level of protection.
November 16, 2013
After the announcement of Armenian national currency, bank notes and coins (including commemorative coins) were issued. Bank notes with the value from 10 to 500 Drams were put into circulation on November 22, 1993. Later, in 1994, a bank note with the value of 1000 drams was issued, followed by the edition of 5000-dram bank note in 1995.
Soviet rubles had been circulating up until November 22, 1993 when the state currency – dram - was released.
November 13, 2013
The Central Bank of Armenia, chaired by Isahak Isahakyan, was formed on March 27, 1993. However, Soviet rubles had been circulating in Armenia up until November 22, 1993 when the state currency – dram - was released, with an exchange rate of 200 rubles to 1 AMD established.
68 types of commemorative coins were minted during the period between 1965 and 1991 out of copper-nickel alloy.
November 8, 2013
68 types of commemorative coins were minted during the period between 1965 and 1991 out of copper-nickel alloy. 3 of them - Earthquake, Matenadaran and David of Sassoun - were dedicated to Armenia.
The mintage stopped in 1925 and then re-started in 1926, when coins with the value of 1, 2, 3 and 5 kopecks were made of aluminum bronze.
November 5, 2013
With formation of the Union of Soviet Socialist Republics (USSR) in 1924, the government orders to exchange all types of currency in circulation for USSR bank notes. At that time, these were bank notes with the value of 1, 3, 5, 10 and 25 chervontsy (chervonets – a ten-ruble bank note) and gold coin, also called chervonets, thus making a two-chervonets currency system: the gold-based and soviet, which were devaluating.
In 1924, the USSR government ruled to replace all bank notes circulated in Transcaucasia with the USSR currency of single design.
November 1, 2013
In 1922, the Federation of Socialist Soviet Republics of Transcaucasia (FSSRT) was formed to include Soviet Socialist Republics of Armenia, Georgia and Azerbaijan, with a relevant treaty signed March 12, 1922 in Tiflis (Tbilisi).
With Synopsys Armenia as the largest tenant, the technopark also works with Cubic GTS, SCDM, Apricot Mobile, LIGHT Craft, among others.
October 30, 2013
The 1st Armenian technopark, Viasphere, based on Transistor factory was launched by Viasphere International U.S. company in Yerevan on July 26, 2001. Back then, Viasphere International CEO Toni Moroyan stated that the technology park will provide necessary infrastructure to facilitate the launch of a business for local startups, including provision of offices, computer networks, company management and product promotion at worldwide markets.