Issued to mark the 15th anniversary of the Armenian dram, introduced in November 1993 to replace the Soviet ruble after Armenia had been using it as a transitional currency following independence. The dram's creation was not straightforward — the country was in the middle of the Nagorno-Karabakh conflict and facing an energy blockade that had devastated the economy, making the establishment of a functioning national currency as much a logistical crisis as a monetary one.
Issued to mark the 15th anniversary of the Armenian dram, introduced in November 1993 to replace the Soviet ruble after Armenia had been using it as a transitional currency following independence. The dram's creation was not straightforward — the country was in the middle of the Nagorno-Karabakh conflict and facing an energy blockade that had devastated the economy, making the establishment of a functioning national currency as much a logistical crisis as a monetary one.