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  • 100,000 Dram Banknotes

    100,000 DRAM BANKNOTES

    http://www.lragir.am/src/index.php?id=e conomy&pid=14978
    19:09:14 - 24/08/2009

    The Central Bank circulates from August 24 banknotes with the value
    of 100,000 drams, said Vakhtang Abrahamyan, member of the board of
    the Central Bank.

    He said major deals necessitated issue of 100,000 banknotes. The
    experts also mentioned the necessity for a variety of bills. The
    experience of several countries was studied. The Central Bank
    estimates that the 100,000 dram banknote will comprise 3 percent of
    cash circulation and cannot affect inflation or the exchange rate.
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