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CENTRAL BANK OF ARMENIA PUTS INTO CIRCULATION NOTES WITH 100,000AMD VALUE
ARKA
Aug 25, 2009
YEREVAN, August 25. /ARKA/. According to the decision of the Board
of the Central Bank of Armenia made on August 24, a bank note with
a value of 100,000AMD is put into circulation, said member of the
Board Vakhtang Abrahamyan.
"It is our next step in the consistent policy of providing cash
turnover aimed at servicing businesses arranging big deals," Abrahamyan
told reporters.
He noted the 50,000AMD note put into circulation a few years ago took
its own niche and services around 7% of cash deals. Abrahamyan also
said the Armenian economy had a demand for 100,000AMD note due to
big bargains and necessity to diversify nominal values of bank notes.
"We think 100,000AMD note will take 3% niche in the cash turnover,"
Abrahamyan stressed.
CBA numismatist Gevorg Mughalyan in his turn stated the bank note is
very attractive from the view of numismatics by its theme and design.
He noted the front of the note has a fragment of icon of Mkrtum
Hovnatanyan - appearance of Abgar the Fifth Edessian king who according
to Armenian historian Movses Khorenatsi was the first of Armenian
kings to adopt Christianity.
"A fragment of a map showing the location of Edessia which was very
close to historical Armenia is in the background," he said.
Mughalyan noted the reverse side of the bank note has an image of an
ancient canvas being kept in Vatican which narrates how King Abgar
the Fifth being sick turned to Jesus Christ who gave him a piece of
cloth with his vivid picture through St. Thaddeus Apostle.
Head of the CBA payment system and money turnover department Suren
Simonyan said the 50,000AMD note was taken as an example of the most
secure from counterfeit and falsification which has been perfected
several times.
"For the first time in the history of Armenian bank notes we have
used so called four-color gravure which is technically very hard to
implement and gives additional guard to the note," he stressed.
Simonyan added he is sure the bank note corresponds to international
standards. ($1 - 375.28AMD).
ARKA
Aug 25, 2009
YEREVAN, August 25. /ARKA/. According to the decision of the Board
of the Central Bank of Armenia made on August 24, a bank note with
a value of 100,000AMD is put into circulation, said member of the
Board Vakhtang Abrahamyan.
"It is our next step in the consistent policy of providing cash
turnover aimed at servicing businesses arranging big deals," Abrahamyan
told reporters.
He noted the 50,000AMD note put into circulation a few years ago took
its own niche and services around 7% of cash deals. Abrahamyan also
said the Armenian economy had a demand for 100,000AMD note due to
big bargains and necessity to diversify nominal values of bank notes.
"We think 100,000AMD note will take 3% niche in the cash turnover,"
Abrahamyan stressed.
CBA numismatist Gevorg Mughalyan in his turn stated the bank note is
very attractive from the view of numismatics by its theme and design.
He noted the front of the note has a fragment of icon of Mkrtum
Hovnatanyan - appearance of Abgar the Fifth Edessian king who according
to Armenian historian Movses Khorenatsi was the first of Armenian
kings to adopt Christianity.
"A fragment of a map showing the location of Edessia which was very
close to historical Armenia is in the background," he said.
Mughalyan noted the reverse side of the bank note has an image of an
ancient canvas being kept in Vatican which narrates how King Abgar
the Fifth being sick turned to Jesus Christ who gave him a piece of
cloth with his vivid picture through St. Thaddeus Apostle.
Head of the CBA payment system and money turnover department Suren
Simonyan said the 50,000AMD note was taken as an example of the most
secure from counterfeit and falsification which has been perfected
several times.
"For the first time in the history of Armenian bank notes we have
used so called four-color gravure which is technically very hard to
implement and gives additional guard to the note," he stressed.
Simonyan added he is sure the bank note corresponds to international
standards. ($1 - 375.28AMD).