From the history of Armenian coins: Armenia's national currency marks 20th anniv.

From the history of Armenian coins: Armenia's national currency marks 20th anniv.

Thies Clemenz: I wish that the Dram will continue to power Armenia’s economy as it moves into the next stage of its growth.

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.

PanARMENIAN.Net - The averse of the coin shows the National Emblem of Armenia and the Dram's 20th anniversary emblem. It also features inscriptions 'Republic of Armenia' in Armenian and English languages as well as the year of the issue – 2013.

The reverse shows the CBA building and an inscription '20 Years Of National Currency' in Armenian and English languages.

A total of 500 silver coins to the face value of AMD 1000 were issued. The 31,1 gram, 38 mm in diameter and 9990-carat silver coins were designed by Vardan Vardanyan and minted at the Royal Dutch Mint.

The Chief Executive Officer of HSBC Bank Armenia congratulated the CBA on the 20th jubilee of the dram.

“I congratulate the Central Bank of Armenia and RA Government on the 20th anniversary of Armenian Dram. It is clear that in the last 20 years the Dram was an essential engine required for the country’s development, so I hope and wish that it will continue to power Armenia’s economy as it moves into the next stage of its growth in the coming years,” said Thies Clemenz.

The material was prepared in cooperation with Gevorg Mughalyan, the numismatist of the Central Bank of Armenia.

Viktoria Araratyan / PanARMENIAN.Net
| Project partner
 Most popular in the section
Soviet rubles had been circulating up until November 22, 1993 when the state currency – dram - was released.
The CBA has issued series of silver, gold, copper-nickel alloy coins since 1994; 193 types of coins were issued as of Feb 2013.
All bank notes have high level of protection.
In many countries, transactions with investment coins are VAT-exempt, what makes them attractive for the population.
 At focus
Nearly two-thirds of world’s extremely poor live in 5 countries

Nearly two-thirds of world’s extremely poor live in 5 countries The WBG released a report, which focuses on the progress that has been made in reducing global poverty, and what challenges remain.

 More articles in this section
From the history of Armenian coins: Soviet commemorative coins dedicated to Armenia 68 types of commemorative coins were minted during the period between 1965 and 1991 out of copper-nickel alloy.
From the history of Armenian coins: Money circulation in USSR 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.
From the history of Armenian coins: No coins minted in Armenia in 1918-1924 In 1924, the USSR government ruled to replace all bank notes circulated in Transcaucasia with the USSR currency of single design.