Central Banking

Armenia to reinforce protective features of notes

ARMENIA - From 1 July 2002, the Central Bank of Armenia will put into circulation 1,000-dram banknotes with an enhanced protection system and a number of changes in its design.

Gevorg Tumanyan, head of the department for emission transactions and currency reserves of the Central Bank of Armenia, told a press conference today that the banknotes would be produced by an Austrian mint. He said that this issue was due to the exhaustion of the previous reserves of the 1,000-dram banknotes released i

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