Catalog
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| Issuer | Central Bank of Armenia |
|---|---|
| Year | 1993 |
| Type | Standard circulation banknote |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | ՀԱՅԱՍՏԱՆԻ ԿԵՆՏՐՈՆԱԿԱՆ ԲԱՆԿ 10 ՏԱՍ ԴՐԱՄ (Translation: Central Bank of Armenia, Ten Dram) |
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| Reverse lettering | ՀԱՅԱՍՏԱՆԻ ԿԵՆՏՐՈՆԱԿԱՆ ԲԱՆԿ 10 ՏԱՍ ԴՐԱՄ 10 (Translation: Central Bank of Armenia, Ten Dram) |
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| Comments |
Armenia's first national currency, the dram, was introduced in November 1993 to replace the Soviet ruble — itself already a chaotic patchwork of Soviet-era notes and Russian Federation issues that had flooded the newly independent republic. The 10 Dram was among the founding denominations of that inaugural series, printed by Giesecke & Devrient in Leipzig at a moment when Armenia was simultaneously managing post-Soviet economic collapse and an active war in Nagorno-Karabakh.
G&D had extensive experience producing currency for former Soviet successor states during this period, handling security printing for several newly independent nations at once. The watermark is the sole security feature — modest by later standards, but reflecting both the urgency of issue and the fiscal constraints of a country that had been independent for under two years.