Catalog
20 000 Dram
| Issuer | Central Bank of the Republic of Armenia |
|---|---|
| Year | 2018-2021 |
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| Value | 20 000 Dram |
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|---|---|
| Obverse lettering | ՀԱՅԱՍՏԱՆԻ ՀԱՆՐԱՊԵՏՈՒԹՅԱՆ ԿԵՆՏՐՈՆԱԿԱՆ ԲԱՆԿ 2018 ԵԱ06356847 ԲԱՆԿԻ ՆԱԽԱԳԱՀ ՖԻՆԱՆՍՆԵՐԻ ՆԱԽԱՐԱՐ CENTRAL BANK OF THE REPUBLIC OF ARMENIA ԵԱ06356847 20000 ՀՈՎՀԱՆՆԵՍ ԱՅՎԱԶՈՎՍԿԻ ՔՍԱՆ ՀԱԶԱՐ ԴՐԱՄ 20000 (Translation: CENTRAL BANK OF THE REPUBLIC OF ARMENIA TWENTY THOUSAND DRAMS) |
| 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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| Comments |
Armenia's shift to a hybrid substrate for this denomination reflects a broader trend among post-Soviet states updating their currency infrastructure in the 2010s — the composite polymer-paper construction offers meaningfully better durability than the cotton-rag notes it replaced without requiring a full polymer conversion. Giesecke+Devrient has supplied Armenian banknote production for much of the Central Bank's existence, making Leipzig an unsurprising but logistically significant choice for a nation without domestic printing capacity.
The 20,000 Dram sits at the top of Armenia's circulating denomination range, which limits its everyday handling and contributes to generally better survival rates among issued examples.