Updated: Nov 12, 2021
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)
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.