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500 Rubles
| Issuer | Republic of Armenia |
|---|---|
| Year | 1993 |
| Type | Log in to see details |
| Value | Log in to see details |
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| Reference(s) | P#32 |
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|---|---|
| Obverse lettering | 500 ՀԻՆԳ ՀԱՐՅՈՒՐ ՌՈՒԲԼԻ Պետական Ներքին Շահող Փոխառության Պարտատոմս 1993 թ. ՀԱՅԱՍՏԱՆԻ ՀԱՆՐԱՊԵՏՈՒԹՅՈՒՆ |
| Reverse description | Predominantly violet and blue on white paper, with a large block of Armenian text setting out the terms and conditions of the state lottery loan. The denomination '500' appears in guilloche numerals at upper left, flanked by four ornamental rosettes; the Armenian coat of arms occupies a circular vignette at upper right. A cyan banner at the bottom carries the denomination in Armenian script. |
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| Comments |
Armenia's first national currency series, the dram, replaced the Soviet ruble in November 1993 — the last of the former Soviet republics to make the transition. These early notes were designed domestically but printed by the British firm Harrison and Sons, which had substantial experience producing post-Soviet transitional currencies during this period.
The 500-dram denomination sits at the upper end of this inaugural series, which ran from 10 to 500 dram. Inflation during Armenia's first independence years was severe enough that this highest denomination offered limited purchasing power almost immediately after issue.