Armenia dropping high-denomination note in new hybrid series

central-bank-of-armenia

The Central Bank of Armenia has announced it will drop its highest-denomination banknote and introduce a new lower-denomination note when it prints its new series.

In a statement released by the central bank earlier this month, it says it has discussed a number of details surrounding the new series – including substrate choice, security features and potential design aspects – with academics and members of the Armenian Apostolic Church. 

In considering other banks’ international experience, as