Catalog
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| Issuer | Central Bank of Armenia |
|---|---|
| Year | 1994 |
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| Value | Log in to see details |
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| Composition | Log in to see details |
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| Shape | Round |
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| Obverse description | Log in to see details |
|---|---|
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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.