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10 Dram

Issuer Central Bank of the Republic of Artsakh
Year 2004
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Value 10 Dram
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Reverse description The National Coat of Arms of Nagorno-Karabakh is shown at upper left, alongside a vignette of the ancient Hudaferin bridge. Subordinate design elements include a wine barrel with a bunch of grapes and a traditional Karabakh carpet motif, reflecting the region's cultural and historical heritage.
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Protection type Watermark
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The Republic of Artsakh — internationally unrecognized, largely dependent on Armenian political and financial support, and operating under the name Nagorno-Karabakh Republic until 2017 — issued its own currency despite having no formal monetary system independent of the Armenian dram. These notes were never used as a functioning circulating currency; they served primarily a symbolic and commemorative purpose, asserting statehood through the physical form of banknotes. The OeBS printing contract is notable: Vienna's security printer has produced notes for dozens of recognized sovereigns, and Artsakh sits in unusual company on that client list.

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