20 000 Dram

Issuer	Central Bank of the Republic of Armenia
Year	2018-2021
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Printer	Giesecke+Devrient (Giesecke & Devrient), Leipzig, Germany (1852-date)
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Obverse description	Central vignette of a portrait of the marine painter Hovhannes Aivazovsky, set against a multicolour underprint incorporating fragments drawn from his seascape canvases. The denomination 20000 appears in numerals at lower left and lower right, with the issuer's name rendered in both Armenian script and Latin characters. The Armenian inscription ՀՈՎՀԱՆՆԵՍ ԱՅՎԱԶՈՎՍԿԻ identifies the subject below the portrait.
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Reverse description	The reverse carries a composite architectural and topographical vignette presenting the monument to Hovhannes Aivazovsky in Yerevan alongside the façade of the Aivazovsky Picture Gallery, with a panoramic view of Feodosia — the painter's birthplace — extending across the background. The denomination 20000 appears in numerals at left and right, flanking the central design, with the issuer's bilingual title repeated along the upper margin.
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Protection type	Security thread, Watermark, Color-shifting ink, Raised print
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