Monday, September 13 2021 13:00

The collector coin dedicated to the 30th anniversary of the Republic  of Armenia has been issued by Central Bank

The collector coin dedicated to the 30th anniversary of the Republic  of Armenia has been issued by Central Bank

ArmInfo. The Central Bank has issued collector coin dedicated to the 30th anniversary of the Republic of Armenia, the press service of the bank informs.  

Obverse: the coat of arms of the Republic of Armenia on the background of the sign of eternity.   Reverse: the stylized tricolor flag, an ornament and the inscription  "30th anniversary".  Designers are Haroutiun Samuelian (obverse),  Vardan Vardanyan (reverse).nThe coin is minted in the Lithuanian  Mint. Face value:5000 dram, Metal/fineness, silver 9250, Weight:168,1  g, Diameter  63,0 mm Quality:proof, Edge: even/numbered Quantity of  issue   300 pcs Year of issue: 2021

September 21, 1991 marks the beginning of the period of the Third  Republic in the history of Armenia. The symbols of the statehood -  the flag, the coat of arms and the anthem of the Republic of Armenia  have been defined. State awards - titles, orders and medals have been  established. 

The national currency of the Republic of Armenia, the Armenian dram,  was put into circulation on November 22, 1993.  The formation of an  independent democratic state helped preserve and strengthen national  self-consciousness and traditions, and the role of the Armenian  apostolic church in social life increased. One of the most important  achievements of the period of independence is certainly an  established national army as the defender of the Armenian statehood.   Today Armenia is a member of the United Nations, the Commonwealth of  Independent States, the Council of Europe, the World Trade  Organization, the Eurasian Economic Union, and more than 40 other  international organizations. 

Like any other currency the collector coins have face value which  makes them the means of payment. However, the face value of these  coins is much lower that their cost price which includes the cost of  the precious metal used for manufacturing of the coin, mintage and  other expenses. Low face value and high cost price allow these coins  to be considered as the items of collection and not the means of  payment used in money circulation. The collector coins have also the  sale price set by the Central Bank of Armenia.