NATIONAL CURRENCY TO BE PUT INTO CIRCULATION IN NKR IN NEAR FUTURE
Pan Armenian news
12.09.2005 02:58
/PanARMENIAN.Net/ National currency – Dram – will be put into
circulation in Nagorno Karabakh in near future. The information has
been already confirmed by the Central Bank of Armenia. As it was
reported earlier, it is not ruled out that the Karabakh Dram will
be recognized as official means of paying in Armenia. The number
of the Karabakh drams issued made 1 million banknotes, valuing in
2 and 20 drams and coins valuing in 1 and 5 drams as well as 50
lumas. The Central Bank of Armenia via the Karabakh branches of
Armenian commercial banks will launch the circulation. Meanwhile
the Azerbaijani authorities appeared oversensitive on learning this
news. Official Baku addressed a protest to the U.S. Department of
State and the Austrian Ministry of Foreign Affairs (the currency
was printed by an American company and the Austrian State Printing
Plant). The Azeri MFA demanded the currency be conveyed to it. The
U.S. State Department promised to assist, however the money remained
in Karbakh. To note, among the unrecognized states the Transdnesrt
only has issued its national currency, reported by IA Regnum.