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Central Bank to introduce new 10 dram coins

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  • Central Bank to introduce new 10 dram coins

    CENTRAL BANK TO INTRODUCE NEW 10 DRAM COINS

    ArmenPress
    Nov 26 2004

    YEREVAN, NOVEMBER 26, ARMENPRESS: The Central Bank of Armenia will put
    into circulation new coins with a face value of 10 drams beginning
    from December 1, 2004. It said old coins issued in 1994 will remain
    as legal tender.

    A Central Bank official said new coins were issued to finalize
    the process of introducing new coins. He said the old coins differ
    considerably in their size from the recently issued coins.

    The new coins were minted in Poland. The old coins will be taken out
    of circulation gradually.

    The Central bank will issue in 2005 gold memorial coins dedicated to
    100-th anniversary of Arshile Gorky, an American-Armenian artist and
    to 125-th anniversary of Martiros Saryan, a prominent Armenian painter
    and also silver memorial coins dedicated to 1,400-th anniversary of
    a mediaeval Armenian geographer Ananaia Shirakatsi.

    The Bank also said the first 100 and 200 dram fake coins were revealed,
    which, however, are made crudely and can be identified with an
    unarmed eye.
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