CBA issues 100.000 Dram banknotes

PanARMENIAN.Net - On August 24, CBA board adopted a decision on introducing a new banknote with a nominal value of AMD 100.000, CBA board member Vakhtang Abbrahamyan told today a press conference in Yerevan. Such decision, he said, was made after studying many countries' experience aimed at facilitating transactions for big enterprises and promoting transactions in national currency.



Recent two years' studies, especially those in the sphere of 50.000 Dram banknotes, show there is high demand for new, 100.000 Dram banknotes. "CBA estimates 3% circulation for new banknote, and such rate is deemed quite satisfactory," CBA board member said, adding that new banknote's circulation will not contribute to the growth of inflation.



Referring to the history of creating the banknote, CBA expert Gevorg Nubaryan said it was related to the ideology of disseminating Christianity in Armenia. The new banknote depicts King Abgar V, the first Armenian king to adopt Christianity. The front of the banknote depicts him pointing at a canvas of the royal flag with a lively portrait of Jesus Christ. The reverse of the banknote depicts disciple Thaddeus handing the canvas to King Abgar V and his consequent miraculous healing.
 Top stories
Among CIS countries, Azerbaijan was placed 60th, Russia 91st, Moldova 75th, Ukraine 88th, Kyrgyzstan 101st place.
In January-October 2014, the country’s exports totaled $1.250 billion, up %2.9 from last year, National Statistical Service said.
As a consulting partner, offering an extensive range of financial assistance, Ameriabank is financing a developing sector of industrial agriculture.
The mining right was granted to Geoteam CJSC, Lydian's 100% owned subsidiary, by the Ministry of Energy and Natural Resources.
Partner news