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| Issuer | Central Bank of the Republic of Armenia |
|---|---|
| Year | 2012 |
| Type | Standard circulation banknote |
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| Obverse description | Three-quarter portrait vignette of Armenian painter Martiros Saryan (1880–1972) at center-right, rendered in intaglio against a warm ochre and orange guilloche underprint with stylized floral motifs to the right. The bank title in Armenian appears along the top, with two facsimile signatures and their respective titles below the portrait, flanked by the denomination numeral 20000 at lower right. A vertical ornamental band of interlaced geometric pattern in blue and green runs along the left edge, incorporating the serial number. |
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| Obverse lettering | ՀԱՅԱՍՏԱՆԻ ՀԱՆՐԱՊԵՏՈՒԹՅԱՆ ԿԵՆՏՐՈՆԱԿԱՆ ԲԱՆԿ ԴԲ11653797 20000AMD20000AMD ԲԱՆԿԻ ՆԱԽԱԳԱՀ ՖԻՆԱՆՍՆԵՐԻ ՆԱԽԱՐԱՐ 2012 ՔՍԱՆ ՀԱԶԱՐ ԴՐԱՄ 20000 CENTRAL BANK OF THE REPUBLIC OF ARMENIA ԴԲ11653797 20000 Մարտիրոս Սարյան 1880-1972 (Translation: CENTRAL BANK OF THE REPUBLIC OF ARMENIA TWENTY THOUSAND DRAMS) |
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| Comments |
Thomas De La Rue has printed Armenian dram notes since the currency's introduction in 1993, and the relationship has been consistent enough that the series carries a recognizable house style — clean intaglio work, restrained color palette. The 20,000 dram denomination sits at the top of the circulating series, a position that reflects the dram's long-term depreciation against major currencies following the economic disruptions of the 1990s.
The security specification here is notably lean for a high-denomination note by 2012 standards — watermark and thread only, without optically variable ink or other features that had become common on comparable European issues by that date.