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| 正面描述 | Intaglio-printed portrait vignette of celebrated Armenian painter Martiros Saryan (1880–1972) at left center, rendered in fine engraved detail against a warm ochre and orange guilloche underprint. Two facsimile signatures of bank officials appear below the portrait, with the denomination ՔՍԱՆ ՀԱԶԱՐ ԴՐԱՄ (Twenty Thousand Drams) in large Armenian script at lower center and the numeral 20000 at lower right. The bank title in Armenian runs across the top, with a vertical serial number repeated along the left margin. |
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| 正面铭文 | 登录 以查看详情 |
| 背面描述 | A panoramic landscape vignette reproducing a fragment of Martiros Saryan's painting 'Armenia', rendered in warm earth tones of orange, ochre, and muted green, with stylized mountains, valleys, and terraced fields across the full width of the note. The large numeral 20000 appears at right in orange, with the denomination in Armenian script at bottom center. A security thread is visible as a dashed vertical strip at center-right, and the bank title runs along the top in Armenian characters. |
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Armenia's 20,000 Dram was the highest denomination in circulation when it was introduced, reflecting the cumulative effect of post-Soviet inflation that had, by the mid-2000s, pushed everyday transactions well into the thousands. The dram itself was only introduced in 1993, replacing Soviet rubles at a rate of 200 to one — a brutal reset that left deep public skepticism toward paper money for years afterward.
Thomas De La Rue's involvement places this squarely in the premium tier of Armenian note production, though the security package — watermark and thread only — is modest relative to De La Rue's capabilities at the time.