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| Issuer | Central Bank of the Republic of Armenia |
|---|---|
| Year | 2018 |
| Type | Standard circulation banknote |
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| Reverse description | The tombstone of St. Gregory the Illuminator at Etchmiadzin occupies the central field, set against a panoramic composition incorporating Mount Ararat and the Khor Virap Monastery. The background features a wall relief from St. Astvatsatsin Church within the monastery complex, illustrating the scene of Armenia's adoption of Christianity. Denomination and issuing authority appear in Armenian and English across the upper and lower registers. |
| Reverse lettering | ՀԱՅԱՍՏԱՆԻ ՀԱՆՐԱՊԵՏՈՒԹՅԱՆ ԿԵՆՏՐՈՆԱԿԱՆ ԲԱՆԿ 50000 CENTRAL BANK OF THE REPUBLIC OF ARMENIA 50000 ՀԻՍՈՒՆ ՀԱԶԱՐ ԴՐԱՄ (Translation: CENTRAL BANK OF THE REPUBLIC OF ARMENIA FIFTY THOUSAND DRAMS) |
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| Comments |
Armenia's highest-denomination note at the time of issue, the 50,000 Dram was introduced partly in response to cumulative inflation that had rendered lower notes impractical for large transactions — the 1 Dram of 1993 had lost essentially all its purchasing power within a decade of independence. G+D's hybrid substrate combines a polymer core with paper outer layers, giving the note tactile properties closer to cotton-fiber currency while retaining some of the durability and security advantages of pure polymer.
The Leipzig plant has produced Armenian banknotes across multiple series. Hybrid construction on a note of this denomination signals a deliberate middle position — neither fully committing to polymer nor staying with conventional paper.