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The History Of Armenian Money Dates Back To The 3rd Century B.C.

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  • The History Of Armenian Money Dates Back To The 3rd Century B.C.

    THE HISTORY OF ARMENIAN MONEY DATES BACK TO THE 3RD CENTURY B.C.

    http://www.armradio.am/en/2013/09/24/the-history-of-armenian-money-dates-back-to-the-3rd-century-b-c/
    17:42 24.09.2013

    Hasmik Dilanyan
    Public Radio of Armenia

    November 22 will mark the 20th anniversary of the Armenian dram. The
    Central Bank of Armenia organizes a number of events on this occasion.

    "The history of the Armenian currency: Finances for Everyone"
    exhibition was launched in the city of Hrazdan today and will continue
    through September 29. Victors will have an opportunity to watch the
    items on display and learn about the history of Armenian coin-cutting.

    The oldest known Armenian coins were cut in the second half of the
    3rd century B.C by the Armenian kings of Tsopk. This is where the
    history of Armenian money starts from.

    Gevorg Mughalyan, numismatist at the Central Bank of Armenia, draws
    special attention to the coins cut during the rule of Tigran the
    Great. Those were the unique coins picturing the Armenian crown.

    "We had no Armenian currency in the Bagratid Kingdom of Armenia.

    However, there is an interesting fact. King Kiurike II (second half
    of the 11th century) of the Lori branch of Bagratuni/Bagratid Dynasty
    issued a unique coin, only one copy of which has been preserved. This
    is the first coin with Armenian inscriptions," he said.

    The inscriptions on almost all the coins cut in the Armenian Kingdom
    of Cilicia were in the Armenian alphabet, although there were coins
    with Latin and Arab inscriptions, as well, the expert said.

    Specialists say contemporary Armenians banknotes are no worse than the
    best banknotes in Europe with their quality and level of protection.

    The oldest banknote displayed at the Hrazdan exhibition dates back
    to 1899. Besides, the expo presents 36 ancient coins, more than 100
    banknotes used at different periods of time, 175 memorial coins cut
    in the recent years.

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