CENTRAL BANK TO INTRODUCE NEW 10 DRAM COINS
ArmenPress
Nov 26 2004
YEREVAN, NOVEMBER 26, ARMENPRESS: The Central Bank of Armenia will put
into circulation new coins with a face value of 10 drams beginning
from December 1, 2004. It said old coins issued in 1994 will remain
as legal tender.
A Central Bank official said new coins were issued to finalize
the process of introducing new coins. He said the old coins differ
considerably in their size from the recently issued coins.
The new coins were minted in Poland. The old coins will be taken out
of circulation gradually.
The Central bank will issue in 2005 gold memorial coins dedicated to
100-th anniversary of Arshile Gorky, an American-Armenian artist and
to 125-th anniversary of Martiros Saryan, a prominent Armenian painter
and also silver memorial coins dedicated to 1,400-th anniversary of
a mediaeval Armenian geographer Ananaia Shirakatsi.
The Bank also said the first 100 and 200 dram fake coins were revealed,
which, however, are made crudely and can be identified with an
unarmed eye.