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25 Dram

Issuer Central Bank of Armenia
Year 1993
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Currency Dram (1993-date)
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Obverse description A frieze with a lion motif drawn from Erebuni Castle occupies the centre-right of the note, accompanied by a cuneiform tablet vignette at upper-left centre. The bank title is rendered in Armenian script within a ruled panel across the top, while the denomination numeral and spelled-out value appear in the lower field. Fine guilloche underprint in brown and blue tones frames the central design elements.
Obverse lettering ՀԱՅԱՍՏԱՆԻ ԿԵՆՏՐՈՆԱԿԱՆ ԲԱՆԿ 25 ՔՍԱՆՀԻՆԳ ԴՐԱՄ
(Translation: Central Bank of Armenia, Twenty-five Dram)
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Armenia's first banknote series, introduced in November 1993, replaced the Russian ruble following independence — but the transition was abrupt enough that the dram launched before most of the population had any practical familiarity with it. Giesecke & Devrient in Leipzig handled the entire inaugural series, a logical choice given the firm's long relationship with post-Soviet states navigating rapid currency changeovers.

The 25 Dram sat at the lower-middle of the founding series and circulated heavily in the chaotic early months of the Armenian economy, when inflation was severe and purchasing power shifted almost weekly.