The Armenian dram is the official currency of Armenia and the first currency date from 1199 to 1375. The official currency symbol: ֏. The word dram means “money” in the English language; the word is related to the Greek drachma and the Arabic dirham, and the English unit of weight dram. After Armenia was proclaimed as an independent republic in 1991, the Central Bank of Armenia was established as an official issuing entity in 1993; the first banknote series was introduced in denominations of 10, 25, 50, 100, 200, 500, 1000 and 5000 dram. A second series was introduced between 1998 and 2017. However, a year later (2018), a third series was issued in denominations of 1000, 2000, 5000, 10,000, 20,000 and 50,000.
The 500 Armenian dram commemorative note front design features Reliquary with a fragment of Noah’s Ark and the Etchmiadzin Monastery (mother church of the Armenian Apostolic Church) located in the city of Vagharshapat, against a background with Mount Ararat, a dormant snow-covered composite volcano in the far east of Turkey; It consists of two main volcanoes: Great Ararat and Little Ararat. A sketch of Noah’s ark stamp and a holographic illustration dove of peace complete the design. The reverse of the note presents Jacob Carolsfeld’s Etching of Noah and his family, surrounded by some of the animals and birds that Noah collected before the flood engulfed the world. In the background Mount Ararat and a sketch of Noah’s ark stamp. The lettering is presented in the Armenian language. This note is part of the 2017 commemorative series “Noah’s Ark”, and its color is brown, red and multicolor.
Text: Central Bank of the Republic of Armenia, Five Hundred Money, Bank President, Minister of Finance, 500, 2017.