NATIONAL CURRENCY TO BE PUT INTO CIRCULATION IN NKR IN NEAR FUTURE

PanARMENIAN.Net - National currency - Dram - will be put into circulation in Nagorno Karabakh in near future. The information has been already confirmed by the Central Bank of Armenia. As it was reported earlier, it is not ruled out that the Karabakh Dram will be recognized as official means of paying in Armenia. The number of the Karabakh drams issued made 1 million banknotes, valuing in 2 and 20 drams and coins valuing in 1 and 5 drams as well as 50 lumas. The Central Bank of Armenia via the Karabakh branches of Armenian commercial banks will launch the circulation. Meanwhile the Azerbaijani authorities appeared oversensitive on learning this news. Official Baku addressed a protest to the U.S. Department of State and the Austrian Ministry of Foreign Affairs (the currency was printed by an American company and the Austrian State Printing Plant). The Azeri MFA demanded the currency be conveyed to it. The U.S. State Department promised to assist, however the money remained in Karbakh. To note, among the unrecognized states the Transdnesrt only has issued its national currency, reported by IA Regnum.