Armenia's 100,000 Dram note was the highest denomination the Central Bank had ever issued when it appeared in 2009 — a reflection of cumulative inflation since the dram's introduction in 1993, when it replaced the Soviet ruble at a time of severe economic contraction and energy blockades. The face value at issue was roughly equivalent to around $330 USD, making it a large-value note by regional standards but not a hyperinflationary artifact.
Thomas De La Rue produced the note with a relatively restrained security package for a denomination of this size — watermark and security thread, without the polymer substrate or optically variable ink that had become common on flagship denominations elsewhere by 2009.
Armenia's 100,000 Dram note was the highest denomination the Central Bank had ever issued when it appeared in 2009 — a reflection of cumulative inflation since the dram's introduction in 1993, when it replaced the Soviet ruble at a time of severe economic contraction and energy blockades. The face value at issue was roughly equivalent to around $330 USD, making it a large-value note by regional standards but not a hyperinflationary artifact.
Thomas De La Rue produced the note with a relatively restrained security package for a denomination of this size — watermark and security thread, without the polymer substrate or optically variable ink that had become common on flagship denominations elsewhere by 2009.