5 Drams Monument We Are Our Mountains

Nagorno-Karabakh declared independence from Azerbaijan in 1991, but the republic has never received recognition from any United Nations member state — including Armenia, whose political and financial backing kept it functioning. The Central Bank of Artsakh issued coinage largely as an assertion of statehood rather than for genuine monetary circulation, and most pieces entered collector channels almost immediately.

The monument depicted — locally known as "Tatik-Papik" or "We Are Our Mountains" — was carved by Sargis Baghdasaryan and unveiled in 1967, decades before the conflict that would make it a symbol of ethnic Armenian identity in the enclave.