50 Drams Hare

Nagorno-Karabakh's coinage program was always more political declaration than functional currency — the republic issued coins largely to assert institutional legitimacy it was never internationally granted. This piece was struck just months before the 2020 Nagorno-Karabakh war's ceasefire reshaped the territory's administrative control, making the entire late coinage series an accidental artifact of a government in its final operational phase.