Armenian CB proposes forfeiting AMD printing of status of state secret 

ArmInfo. The Central Bank of Armenia proposes not to consider information about the Central Bank of the Republic of Armenia's monetary reserves for each denomination,  the production technology of the Armenian dram and the features of  their protection as a state secret. The draft has been submitted for  public discussion on the unified portal of legal acts e-draft.am.

As noted in the explanatory note to the document, in accordance with  paragraph 1 of part 2 of Article 7 of the Law , the  Government of the Republic of Armenia, by Resolution No. 53-N of  January 11, 2024 approved the list of  information classified as a state secret by departmental affiliation.   According to paragraph 37 of the Appendix to Resolution No. 53-N,  information about the Central Bank of the Republic of Armenia's  monetary reserves for each denomination, information about the  production technology of the Armenian dram and the features of its  protection are also classified as a state secret.

At the same time, as noted by the Central Bank, the technical  characteristics of the RA banknotes and the security elements used,  provided during the tenders for the issue of RA banknotes or the  conclusion of contracts, cannot be considered confidential  information, since they are the developments of various foreign  organizations, are used on the banknotes of many countries and are  known worldwide to both manufacturers and experts in this field. Like  other banknotes used around the world, Armenian banknotes can also be  identified by specialists.

In addition, the security elements of the banknotes are of great  public importance for distinguishing genuine banknotes from  counterfeit ones, so they are published in the media and on the  Internet.

The draft proposes to exclude the words from paragraph 37 of the Appendix to  Resolution No. 53-N .

As a result of the adoption of the draft, it is expected to ensure  the proper process of issuing the Armenian dram>, - the document  says.