REVALUATED DRAM IS FORGED MORE

Lragir.am
14 June 06

The amount of discovered forged Armenian banknotes in 2005 is up by
8 percent compared with 2004, states the annual report of the Central
Bank of Armenia. Mostly 1000-dram bills are forged – 67 percent.

Next come the 5000 and 500-dram bills – 13.3 percent, 2.4 percent
are 20 thousand-dram bills and 200-dram coins.

The report also says that as on December 31, 2005 160 404.7 million
drams of paper money and 5159109 million drams in coins was circulated
in Armenia.