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50 000 Drams Monument We Are Our Mountains

Issuer Central Bank of Artsakh
Year 1998
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Value 50 000 Drams (50 000)
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Obverse script Armenian
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Reverse script Armenian, Latin
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Additional information

Artsakh — also known as Nagorno-Karabakh — declared independence from Azerbaijan in 1991, though no UN member state ever formally recognized it. This coin was issued by its self-declared central bank at a moment when the territory was consolidating institutions of statehood, including a currency, largely as instruments of political assertion rather than economic function. The 50,000 drams denomination existed on paper; circulation was never the point.

The "We Are Our Mountains" monument in Stepanakert, erected in 1967 by sculptor Sargis Baghdasaryan, became the defining symbol of Armenian identity in the region long before the conflict began.

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