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FROM THE HISTORY OF ARMENIAN COINS: CURRENCY OF FIRST ARMENIAN REPUBLIC
The Bons of the Transcaucasian Commissariat were printed with the
value of 1, 3, 5, 10, 50, 100 and 250 rubles in 1918.
The first branch of the State Bank of the Russian Empire was
established in Yerevan in 1893. After the October Revolution in
1917, Transcaucasia, consisting of the Elisabethpol, Erivan and
Tiflis Governorates populated by Armenians, Georgians and Caucasian
Turks seceded from Russia and transformed into a unified independent
Transcaucasian Commissariat, with the center in Tiflis.
October 30, 2013
PanARMENIAN.Net - The Finance Ministry of the Transcaucasian
Commissariat issued and put into circulation currency called Bons,
with inscriptions in Russian, Armenian, Georgian and Arabian
languages. These were the first bank notes carrying Armenian letters.
Description of first Armenian bank notes
The Bons of the Transcaucasian Commissariat were printed with the
value of 1, 3, 5, 10, 50, 100 and 250 rubles in 1918. The Bons were
beautifully decorated with numerous national elements, patterns and
ornaments. 1- and 3-ruble Bons had vertical print while those with
bigger value had horizontal print and multi-color design.
Bons of the Transcaucasian Commissariat
Well-known architect Gabriel Ter-Mikelov (Ter-Mikelian), who projected
the building of the Georgian State Bank in Tiflis (Tbilisi), drew
the sketches of Bons.
After Russia's Finance Minister Sergei Witte issued permission for the
formation of State Bank branch in Armenia in1893, private banks were
established, thus contributing to the development of entrepreneurship.
In May 1918, the Transcaucasian Commissariat collapsed. Armenia was
declared an independent republic on May 28 and the Ministry of Finance
ordered issuance of new currency. With time and funds necessary for
the process, it was decided to issue checks of the Yerevan branch
of the State Bank. At the same time, the Bons of the Transcaucasian
Commissariat were still in circulation.
Description of first Armenian checks
The first checks of the Yerevan branch of the State Bank were issued in
August 1019. They were of the same type, one- and two-sided. All the
inscriptions were in Russian, with only some of the checks mentioning
the value in Armenian.
First checks of the Yerevan branch of the State Bank
The checks were expected to be exchanged for money within three
months. However, it didn't happen and the hard economic conditions
forced emission increase. The sketches of the checks printed by
the press of the Armenian Ministry of Internal Affairs were drawn
by artist Garegin Levonyan. It's worth noting that a strict law on
struggle against counterfeiting was in force at that time, prompted
by the law quality of the currency.
The bank notes of the first Republic of Armenia were issued with the
value of 50, 100 and 250 rubles in 1919, the sketches being drawn by
artists Hakop Kojoyan (the author of the national emblem) and Arshak
Fetvadjian. The bank notes were printed in London by Waterlow and
Sons Ltd company and were put into circulation in June 1920.
Description of bank notes of first Republic of Armenia
The bank notes were notable for high quality, design and protection
level. They featured national ornaments, Mount Ararat and eagle with
sword cutting a snake. The inscriptions were in Armenian, Russian
and French.
Bank notes of first Republic of Armenia
The bank notes of the first Republic of Armenia were in circulation
for a short period of time and were annulled after the establishment
of the Soviet rule. In 1921, the currency of the Socialist Soviet
Republic of Armenia (SSRA) was put into circulation.
Description of SSRA bank notes
To ensure uninterrupted money circulation, checks of the Yerevan
branch of the State Bank were issued in 1921 with a nominal value of
10 thousand rubles. Later bank notes with the value of 5000, 10000,
25000, 100000, as well as 1mln and 5 mln rubles were printed. The
inscriptions were in Armenian and Russian. The bank note with the value
of 500000 was issued as a trial copy and was not put into circulation.
SSRA bank notes of 1921-1922
Bonds with the nominal value of 5 mln rubles were issued in 1922
for the further exchange for money. They had one-side print, with
inscriptions in Armenian.
SSRA bond of 1922
Bonds with the value of one tchervonets (ten-ruble banknote) were
issued in 1923. The images reflect the way of life and national color
of that period. They had no individual number and were not put into
circulation.
Also, by decree of 1920, the money of the Russian Socialist Federative
Soviet Republic was also in use in the territory of Armenia.
The material was prepared in cooperation with Gevorg Mughalyan,
the numismatist of the Central Bank of Armenia.
Viktoria Araratyan / PanARMENIAN.Net, Varo Rafayelyan / PanARMENIAN
Photo
http://www.panarmenian.net/eng/details/171988/
From: A. Papazian
The Bons of the Transcaucasian Commissariat were printed with the
value of 1, 3, 5, 10, 50, 100 and 250 rubles in 1918.
The first branch of the State Bank of the Russian Empire was
established in Yerevan in 1893. After the October Revolution in
1917, Transcaucasia, consisting of the Elisabethpol, Erivan and
Tiflis Governorates populated by Armenians, Georgians and Caucasian
Turks seceded from Russia and transformed into a unified independent
Transcaucasian Commissariat, with the center in Tiflis.
October 30, 2013
PanARMENIAN.Net - The Finance Ministry of the Transcaucasian
Commissariat issued and put into circulation currency called Bons,
with inscriptions in Russian, Armenian, Georgian and Arabian
languages. These were the first bank notes carrying Armenian letters.
Description of first Armenian bank notes
The Bons of the Transcaucasian Commissariat were printed with the
value of 1, 3, 5, 10, 50, 100 and 250 rubles in 1918. The Bons were
beautifully decorated with numerous national elements, patterns and
ornaments. 1- and 3-ruble Bons had vertical print while those with
bigger value had horizontal print and multi-color design.
Bons of the Transcaucasian Commissariat
Well-known architect Gabriel Ter-Mikelov (Ter-Mikelian), who projected
the building of the Georgian State Bank in Tiflis (Tbilisi), drew
the sketches of Bons.
After Russia's Finance Minister Sergei Witte issued permission for the
formation of State Bank branch in Armenia in1893, private banks were
established, thus contributing to the development of entrepreneurship.
In May 1918, the Transcaucasian Commissariat collapsed. Armenia was
declared an independent republic on May 28 and the Ministry of Finance
ordered issuance of new currency. With time and funds necessary for
the process, it was decided to issue checks of the Yerevan branch
of the State Bank. At the same time, the Bons of the Transcaucasian
Commissariat were still in circulation.
Description of first Armenian checks
The first checks of the Yerevan branch of the State Bank were issued in
August 1019. They were of the same type, one- and two-sided. All the
inscriptions were in Russian, with only some of the checks mentioning
the value in Armenian.
First checks of the Yerevan branch of the State Bank
The checks were expected to be exchanged for money within three
months. However, it didn't happen and the hard economic conditions
forced emission increase. The sketches of the checks printed by
the press of the Armenian Ministry of Internal Affairs were drawn
by artist Garegin Levonyan. It's worth noting that a strict law on
struggle against counterfeiting was in force at that time, prompted
by the law quality of the currency.
The bank notes of the first Republic of Armenia were issued with the
value of 50, 100 and 250 rubles in 1919, the sketches being drawn by
artists Hakop Kojoyan (the author of the national emblem) and Arshak
Fetvadjian. The bank notes were printed in London by Waterlow and
Sons Ltd company and were put into circulation in June 1920.
Description of bank notes of first Republic of Armenia
The bank notes were notable for high quality, design and protection
level. They featured national ornaments, Mount Ararat and eagle with
sword cutting a snake. The inscriptions were in Armenian, Russian
and French.
Bank notes of first Republic of Armenia
The bank notes of the first Republic of Armenia were in circulation
for a short period of time and were annulled after the establishment
of the Soviet rule. In 1921, the currency of the Socialist Soviet
Republic of Armenia (SSRA) was put into circulation.
Description of SSRA bank notes
To ensure uninterrupted money circulation, checks of the Yerevan
branch of the State Bank were issued in 1921 with a nominal value of
10 thousand rubles. Later bank notes with the value of 5000, 10000,
25000, 100000, as well as 1mln and 5 mln rubles were printed. The
inscriptions were in Armenian and Russian. The bank note with the value
of 500000 was issued as a trial copy and was not put into circulation.
SSRA bank notes of 1921-1922
Bonds with the nominal value of 5 mln rubles were issued in 1922
for the further exchange for money. They had one-side print, with
inscriptions in Armenian.
SSRA bond of 1922
Bonds with the value of one tchervonets (ten-ruble banknote) were
issued in 1923. The images reflect the way of life and national color
of that period. They had no individual number and were not put into
circulation.
Also, by decree of 1920, the money of the Russian Socialist Federative
Soviet Republic was also in use in the territory of Armenia.
The material was prepared in cooperation with Gevorg Mughalyan,
the numismatist of the Central Bank of Armenia.
Viktoria Araratyan / PanARMENIAN.Net, Varo Rafayelyan / PanARMENIAN
Photo
http://www.panarmenian.net/eng/details/171988/
From: A. Papazian