100,000 DRAM BANKNOTES

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19:09:14 – 24/08/2009

The Central Bank circulates from August 24 banknotes with the value
of 100,000 drams, said Vakhtang Abrahamyan, member of the board of
the Central Bank.

He said major deals necessitated issue of 100,000 banknotes. The
experts also mentioned the necessity for a variety of bills. The
experience of several countries was studied. The Central Bank
estimates that the 100,000 dram banknote will comprise 3 percent of
cash circulation and cannot affect inflation or the exchange rate.