The Artsakh dram ( hy, Արցախյան դրամ) is a

monetary unit A currency, "in circulation", from la, currens, -entis, literally meaning "running" or "traversing" is a standardization of money in any form, in use or circulation as a medium of exchange, for example banknotes and coins. A more general def ...

of the ''

de facto ''De facto'' ( ; , "in fact") describes practices that exist in reality, whether or not they are officially recognized by laws or other formal norms. It is commonly used to refer to what happens in practice, in contrast with ''de jure'' ("by la ...

'' independent

Republic of Artsakh Artsakh, officially the Republic of Artsakh () or the Nagorno-Karabakh Republic (),, is a breakaway state in the South Caucasus whose territory is internationally recognised as part of Azerbaijan. Artsakh controls a part of the former ...

. Although it is

legal tender Legal tender is a form of money that courts of law are required to recognize as satisfactory payment for any monetary debt. Each jurisdiction determines what is legal tender, but essentially it is anything which when offered ("tendered") in ...

, it is not as widely used as the Armenian dram.

Coins

Two commemorative coins were issued in 2003, while seven different coins have also been issued, all dated 2004. They are two aluminum 50 luma coins featuring a horse and a leaping antelope, three aluminum 1 dram coins featuring a wildcat, a pheasant and St. Gregory the Illuminator, two aluminum-bronze 5 dram coins featuring the

Ghazanchetsots Cathedral Holy Savior Cathedral ( hy, Սուրբ Ամենափրկիչ մայր տաճար, ''Surb Amenap′rkich mayr tachar''), commonly referred to as Ghazanchetsots ( hy, Ղազանչեցոց),), ''Kazanchetsots'' (russian: Казанчецоц). In A ...

in the town of

Shushi / hy, Շուշի , settlement_type = City , image_skyline = ShushaCollection2021.jpg , image_caption = Landmarks of Shusha, from top left:Ghazanchetsots Cathedral • Yukhari Govhar ...

and the

We Are Our Mountains ''We Are Our Mountains'' ( hy, Մենք ենք մեր լեռները, translit=Menk' enk' mer leṙnerə) is a large monument north of Stepanakert, the capital city of self-proclaimed Republic of Artsakh, de-jure part of Azerbaijan. The sculp ...

monument right outside Stepanakert, and two aluminum 1000 dram coins featuring

Lake Van Lake Van ( tr, Van Gölü; hy, Վանա լիճ, translit=Vana lič̣; ku, Gola Wanê) is the largest lake in Turkey. It lies in the far east of Turkey, in the provinces of Van and Bitlis in the Armenian highlands. It is a saline soda lake ...

and

Kevork Chavush Kevork Ghazarian ( hy, Գէորգ Ղազարեան; 1870 – 28 May 1907), commonly known as Kevork Chavush or Gevorg Chaush ( hy, Գէորգ Չաւուշ or Գևորգ Չաուշ), was an Armenian '' fedayee'' leader in the Ottoman Empire and a ...

. A new series of coins was issued in 2013, and consists of two 50 luma coins featuring a horse and antelope, three 1 dram coins depicting a leopard, wolf and pheasant and two five dram coins showing a bear and a capricorn.

Banknotes

2 and 10 dram banknotes have been issued, bearing the date 2004 and printed by Österreichische Staatsdruckerei (''Austria State Printing House'').

References

{{Armenia topics Currencies of Europe Currencies of Asia Economy of Armenia Local currencies Fixed exchange rate Currencies introduced in 2004

Coins

Banknotes

See also

References