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Nagorno-Karabakh dram

Nagorno-Karabakh dram
Լեռնային Ղարաբաղի դրամ (Armenian)
NagornoKarabakhP1-2-Dram-2004-donatedta f.jpg
2 dram banknote (obverse)
Denominations
Subunit
1100 luma
Banknotes 2 dram, 10 dram
Coins
 Freq. used 50 luma, 1 dram, 5 dram
Demographics
User(s)  Nagorno-Karabakh Republic (alongside Armenian dram)
Issuance
Central bank Nagorno-Karabakh Republic Ministry of Finance
 Website minfin-nkr.am
Printer Österreichische Staatsdruckerei
(Austria State Printing House)
Valuation
Inflation N/A
Pegged with Armenian dram

The Nagorno-Karabakh dram (Armenian: Լեռնային Ղարաբաղի դրամ) is a monetary unit of the de facto independent Nagorno-Karabakh Republic. Although it is legal tender, it is not as widely used as the Armenian dram.

Five different coins have also been issued, all also 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, and two aluminum-bronze 5 dram coins featuring the cathedral in the town of Shushi and the Stone Head Monument. 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.

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


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