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Nagorno-Karabakh dram

Nagorno-Karabakh dram
Լեռնային Ղարաբաղի դրամ (Armenian)
User(s)  Nagorno-Karabakh Republic (alongside Armenian dram)
Pegged with Armenian dram
 Freq. used 1 dram, 5 dram
Banknotes 2 dram, 10 dram
Printer Österreichische Staatsdruckerei
(Austria State Printing House)

The Nagorno-Karabakh dram is a monetary unit of the de facto Nagorno-Karabakh Republic. Although it is legal tender, it is not as widely used as the Armenian dram. 2 and 10 dram banknotes have been issued, bearing the date 2004 and printed by Österreichische Staatsdruckerei (Austria State Printing House). 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.


2004 Series
Value Main Colour Images Description Date of
Obverse Reverse Obverse Reverse printing issue
2 dram Red Gandzasar monastery Christian cross and Jesus Christ 2004 2004
10 dram Green Dadivank monastery Karabakh carpet 2004 2004


  • Numismondo, pictures of the banknotes
  • Joel Anderson World Coins, pictures of the coins
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