Third-series Armenian banknotes enter circulation

By user
In November 23, 2018

Source: ArmenPress

On the occasion of the 25th anniversary of the Armenian national currency, the dram, third generation banknotes are introduced from November 22.

The new banknotes are made from high quality composite materials, which in turn will ensure an average 3-4 times higher lifecycle.  The bills also feature the best modern security features, as well as designs for visually impaired persons.

The newly introduced denomination will be the 2000 dram banknote.

The third series 1000 dram banknote depicts Paruyr Sevak, the 5000 dram depicts writer William Saroyan, the 10,000 dram depicts Komitas, the 20,000 bill depicts Ivan Ayvazovsky, and the 50,000 bill depicts St. Gregory the Illuminator.

The new banknotes  – 10,000; 20,000 and 50,000 bills are put into circulation from November 22. The other new bills – 1000, 2000 and 5000 denominations will be introduced from December 25, 2018.

The second generation banknotes will remain in circulation until natural wearout.