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3 Dram

Issuer Central Bank of Armenia
Year 1994
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Shape Round
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Obverse lettering ՀԱՅԱՍՏԱՆ
(Translation: Armenia)
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Edge Reeded
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Additional information

Armenia's first coinage series was issued in 1994, just three years after independence from the Soviet Union, as the country was simultaneously fighting the Nagorno-Karabakh war and managing an economy in near-total collapse. The dram itself had only been introduced in November 1993, replacing the Russian ruble after Moscow cut off ruble zone access. Aluminium was not an aesthetic choice — it was a practical one, reflecting both the inflationary pressures on metal costs and the limited infrastructure of a newly sovereign mint operation.

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