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5 Dram National Currency
| Issuer | Central Bank of Armenia |
|---|---|
| Year | 1998 |
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| Shape | Round |
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| Obverse description | The National Coat of Arms of the Republic of Armenia occupies the central field, depicting a double-headed eagle displayed with wings spread, supporting a shield quartered with national symbols including Mount Ararat, an eagle, a lion, and an eagle with a chain. The denomination '5' appears in the lower central field, with the word 'ԴՐԱՄ' (Dram) immediately below, and the date '1998' in the exergue. The circular legend 'ՀԱՅԱՍՏԱՆԻ ՀԱՆՐԱՊԵՏՈՒԹՅՈՒՆ' (Republic of Armenia) runs along the upper periphery in Armenian script, flanked at the base by two ornamental stars. |
|---|---|
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| Obverse lettering | * ՀԱՅԱՍՏԱՆԻ ՀԱՆՐԱՊԵՏՈՒԹՅՈՒՆ * 5 ԴՐԱՄ 1998 (Translation: Republic of Armenia 5 Dram) |
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| Additional information |
Armenia's first commemorative silver program launched in 1994 under the newly established Central Bank, issuing coins denominated in dram just two years after the currency itself replaced the Soviet ruble in 1993 — itself a response to Russia's unilateral withdrawal of pre-1993 ruble notes from circulation, which left Armenia effectively without a functioning monetary system for months. By 1998, the program was well underway, though individual issues remain poorly documented in Western references, with Schön providing more complete attribution than KM for this series.