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1 Dram Cheetah
| Issuer | Nagorno-Karabakh Republic |
|---|---|
| Year | 2004 |
| Type | Standard circulation coin |
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| Composition | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
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| Obverse lettering | NAGORNO-KARABAKH ԼԵՌՆԱՅԻՆ ՂԱՐԱԲԱՂԻ ՀԱՆՐԱՊԵՏՈՒԹՅՈՒՆ ԱՐՑԱԽ REPUBLIC (Translation: Nagorno-Karabakh Republic Artsakh) |
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| Reverse lettering | 1 DRAM 2004 |
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| Additional information |
Nagorno-Karabakh's coinage program was never about economics. The unrecognized republic — which declared independence from Azerbaijan in 1991 but has been recognized by no UN member state — issued aluminum drams largely as an assertion of statehood, with wildlife reverses chosen specifically to project a distinct national identity separate from both Armenia and Azerbaijan. Circulation was minimal; Armenia's dram functioned as the practical currency throughout.
The KM#10 cheetah issue was part of the 2004 wildlife series, struck under political conditions that made formal mint contracts complicated to arrange openly.