50 000 Dram

Armenia's highest-denomination note at the time of issue, the 50,000 Dram was introduced partly in response to cumulative inflation that had rendered lower notes impractical for large transactions — the 1 Dram of 1993 had lost essentially all its purchasing power within a decade of independence. G+D's hybrid substrate combines a polymer core with paper outer layers, giving the note tactile properties closer to cotton-fiber currency while retaining some of the durability and security advantages of pure polymer.

The Leipzig plant has produced Armenian banknotes across multiple series. Hybrid construction on a note of this denomination signals a deliberate middle position — neither fully committing to polymer nor staying with conventional paper.