CBA issues 100.000 Dram banknotesAugust 24, 2009 - 18:37 AMT PanARMENIAN.Net - On August 24, CBA board adopted a decision on introducing a new banknote with a nominal value of AMD 100.000, CBA board member Vakhtang Abbrahamyan told today a press conference in Yerevan. Such decision, he said, was made after studying many countries' experience aimed at facilitating transactions for big enterprises and promoting transactions in national currency. Recent two years' studies, especially those in the sphere of 50.000 Dram banknotes, show there is high demand for new, 100.000 Dram banknotes. "CBA estimates 3% circulation for new banknote, and such rate is deemed quite satisfactory," CBA board member said, adding that new banknote's circulation will not contribute to the growth of inflation. Referring to the history of creating the banknote, CBA expert Gevorg Nubaryan said it was related to the ideology of disseminating Christianity in Armenia. The new banknote depicts King Abgar V, the first Armenian king to adopt Christianity. The front of the banknote depicts him pointing at a canvas of the royal flag with a lively portrait of Jesus Christ. The reverse of the banknote depicts disciple Thaddeus handing the canvas to King Abgar V and his consequent miraculous healing. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | European Parliament to discuss repression in Azerbaijan The European Parliament will discuss repression of civil society in Azerbaijan on April 24 PACE wants concessions from Azerbaijan to accept Baku back A PACE co-rapporteur said that Azerbaijani authorities must make certain concessions so that the country can return to PACE. Cyprus parliament honors Armenian genocide victims Acting House President Zacharias Koulias noted that April 24 marks the “black anniversary” of the Armenian genocide. Armenia PM, France envoy discuss regional matters Issues related to the consistent development of Armenia-France cooperation were discussed. |