10 000 Dram

Armenia's 10,000 Dram note was introduced as the highest denomination in the series, reflecting cumulative inflation since the Dram's introduction in 1993 following the collapse of the Soviet ruble zone. Thomas De La Rue has printed Armenian banknotes since the currency's earliest issues, making this a long-standing relationship between the Central Bank and one of the oldest security printers in the world — De La Rue traces its banknote printing origins to the 1860s.

The security specification is relatively modest for a high denomination: watermark and security thread, without the polymer substrate or more complex optical features that peer issuers adopted around the same period.