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The Central Bank of Armenia has issued three denominations from its latest third series of banknotes, the 10,000, 20,000 and 50,000 dram, printed on Hybrid™ substrate.

The third series of Armenian banknotes commemorates the 25th anniversary of the national currency.

The series consists of six denominations, namely the 1,000, 2,000, 5,000, 10,000, 20,000 and 50,000-dram.

The top three denominations, seen here, began circulating on 22 November 2018, whilst the remaining denominations are expected to be issued on 25 December 2018.

The notes are printed on Louisenthal’s Hybrid™ substrate featuring a cotton core and polymer outer layers to increase durability and in support of the central bank’s clean note policy.

Key security features include an optically variable windowed security thread – thought to be Louisenthal’s Galaxy® as per the commemorative 500-dram note issued last year. The notes also include a matching optically variable ink feature, also displayed on the front of each banknote.

The designs feature well known citizens and monuments, with the 10,000 displaying a portrait of Komitas Vardapet, the 20,000 includes a portrait of Hovhannes Aivazovsky, and the 50,000 a portrait of the patron saint St Gregory.

The series has been designed by Giesecke & Devrient (G&D) and Louisenthal in collaboration with the Central Bank of Armenia.

Speaking of the new banknote series, the Governor of the Central Bank of Armenia, Arthur Javadyan, said,

“Both the new series III and the 500 dram collector’s note were issued in commemoration of the 25th anniversary of the Armenian currency. National currency is part of a nation’s identity. Motifs on banknotes represent a people’s finest and proudest moments. These banknotes have been designed to represent famous Armenian personalities: clerics, musicians and writers. We are very proud of the design, technical sophistication, and highly complex security elements, making the new Armenian series one of the most modern and technologically advanced in the world.“

Images courtesy of the Central Bank of Armenia.

Read more at the Central Bank of Armenia website.

Read the G&D press release.