CBA issues 100.000 Dram banknotesAugust 24, 2009 - 18:37 AMT 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 Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | Ucom equips four bus stops in Ijevan with free Wi-Fi Ucom now provides free Wi-Fi coverage in smart bus stops in four communities of Ijevan. Armenians stage more campaigns against territorial concessions to Azerbaijan Protesters blocked more roads across Armenia on Friday, April 26 in continuing attempts to scuttle territorial concessions to Azerbaijan. Czech-Armenian military cooperation discussed in Yerevan A delegation led by the Director General for the Industrial Cooperation Division of the Ministry of Defence of the Czech Republic visited Armenia. U.S. welcomes efforts to define Armenia-Azerbaijan border The United States welcomes efforts to define the border between Armenia and Azerbaijan, says Vedant Patel. |