National currency of Armenia
The national currency of Armenia, dram was issued on November 22, 1993. 1 dram is equal to 100 lum. In translation from Greek dram means money. The first record of the name was found in the XIIth century, silver coins had a name like that. To date, drams are represented by 11 denominations of banknotes: 10, 25, 50, 100, 200, 500, 1000, 2000, 5000, 20000 and 50000 drams. All bills have a high degree of protection. On the banknote are famous Armenian scientists, artists, as well as cultural and historical and cultural monuments. As of 1998 new banknotes were issued, and the old ones were removed from monetary circulation. Design of new banknotes of Armenian dram has been created by foreign experts from Germany and England. In 2001 banknote of 50000 drams was issued in honor of the 1700th anniversary of the recognition of Christianity as state religion in Armenia. Modern banknotes differ from the previous ones in enhanced level of protection. In 2009 banknotes of 100 000 with the image of King Abgar V was issued.