50 Luma Horse

Issuer	Central Bank of the Nagorno-Karabakh Republic
Year	2004
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Currency	Dram (2003-2023)
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Obverse description	Central device features the coat of arms of the Nagorno-Karabakh Republic, depicting an eagle with outstretched wings facing forward, bearing a shield on its breast and surmounted by a crown, set against a radiant sunburst background. The legend arcs around the upper periphery in both Latin and Armenian scripts, reading 'NAGORNO-KARABAKH' in Latin at the outer rim, with Armenian inscriptions 'ԼԵՌՆԱՅԻՆ ՂԱՐԱԲԱՂԻ ՀԱՆՐԱՊԵՏՈՒԹՅՈՒՆ' and 'ԱՐՑԱԽ' arranged in inner concentric bands. The word 'REPUBLIC' appears in Latin script along the lower periphery. The overall design is rendered in high relief with fine detail throughout the field.
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Reverse script	Latin
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Edge	Smooth
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