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Searching For Recognition, Notes Of A Disputed Land: 2 Dram (Nagorno-Karabakh, 2004)-Reference

Updated: Apr 23

This large Artsakhi banknote represents the 1st denomination of the Artsakh Dram (Series 2004). The observe depicts St Gregory the Illuminator (257-331 CE) and the Gandzasar Cathedral, in Madakert. The reverse features a scene of the apostle John the Baptist baptizing Jesus Christ. (Note Size: 150 x 80 mm or 5.91 x 3.15 in)

As of the 1 January 2024, the Republic of Artsakh (Nagorno-Karabakh) has been disestablished.



Additional Notes

  • The unrecognized state Nagorno-Karabakh is an ethnically Armenian enclave, located within the Republic of Azerbaijan.

  • On 20 February 2017 Nagorno-Karabakh was renamed the Republic of Artsakh, via constitutional referendum.

  • The Artsakh Dram is pegged to the Armenian Dram and thus equal value.

  • The Armenian Dram remains the primarily currency in daily use, due to the low denominational value of the Artsakh Dram notes.

  • This note was printed by Österreichische Staatsdruckerei (Austria State Printing House), on the behalf of the numismatics wholesaler the Educational Coin Company.

  • The Nagorno-Karabakh Republic in partnership with the Educational Coin Company, used the notes to garner international awareness of the republic.

  • Österreichische Staatsdruckerei was under the impression the notes were intended to be only sold as fantasy money.

  • The majority of Artsakh Dram notes are collector items, often resold via secondary sellers.


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