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 | The Power of One Dram to benefit Road of Life charity The companies inform that the May beneficiary of The Power of One Dram is the “Road of Life” charitable organization. Ucom General Director gives lecture at French University in Armenia The General Director of Ucom Ralph Yirikian delivered a lecture at the French University of Armenia. Kazakhstan welcomes Yerevan, Baku’s agreement to meet in Almaty Kassym-Jomart Tokayev has welcomed the agreement of Baku and Yerevan to hold negotiations in Almaty. Armenia offers to temporarily host, preserve Gaza manuscripts The Armenian Foreign Minister has said Yerevan is ready to help preserve manuscripts from the conflict zone in Gaza. |