Government decree of the Transcaucasian Commissariat on Issuance of paper money (for Armenia, Azerbaijan, and Georgia); effective immediately
05.02.1918
Start of issuance of the new paper money ("Transcaucasian coupons")
Valuation Regimes
1918-1919
Potentially variable rates against other Russian (local) currencies determined as demand and supply
Time Period: 1919-1923
Currency: Armenian Ruble
Transition
1 : 1
Sub-units
none
ISO4217
none (informal: AMR)
Timeline
??.08.1919
Start of issuance of provisional paper money (checks) by the Armenian government for circulation in Armenia only; the Transcaucasian paper was not demonetized
28.12.1920
Government decree on the transformation of the Yerevan branch of the Russian State Bank into the "State Bank of the Armenian Socialist Soviet Republic"; the name was corrected to "People's Bank of the Armenian Socialist Soviet Republic" on the following day; effective immediately. - A similar decree of 26.08.1920 by the Nationalist government on the creation of the "State Bank of the Armenian (Democratic) Republic" could not be implemented. - 22.03.1922: Government decree on the return to the original name of "State Bank of the Armenian Socialist Soviet Republic"; effective immediately.
Valuation Regimes
1919-1923
Variable rates against other Russian (local) and Transcaucasian currencies
Time Period: 1923-1924
Currency: 2nd Transcaucasian Ruble
Transition
1 : 150
Sub-units
none
ISO4217
none (informal: ZKB)
Timeline
10.01.1923
Government decree of the Transcaucasian Federation (within USSR) on the reform and unification of the currencies of Armenia, Azerbaijan and Georgia; effective immediately
01.03.1923
Resolution [No. 20] of the Council of People's Commissars of the Transcaucasian Federation on the withdrawal of the currencies of the predecessor states until 10.04.1923; effective immediately
Valuation Regimes
1923-1924
Variable rates against other (local) currencies within the USSR
Time Period: 1924-1993
Timeline
18.02.1924
Government decree of the Transcaucasian Federation on the adoption of the Soviet currency reform of 05.02.1924; effective 07.03.1924
04.04.1924
Government decree of the Transcaucasian Federation on the exchange ratio of 1 Soviet Ruble (1924) = 1 : 12'500'000'000 Transcaucasian Rubles (1923); effective 15.04.1924
15.04.1924
Start of currency exchange: - 15.04.1924: Start of issuance of Soviet banknotes and coins - 31.07.1924: Demonetization of the Transcaucasian (Armenian) currency.
Time Period: 1993-
Currency: Armenian Dram
Transition
1 : 200 Russian Rubles (1992)
Sub-units
Dram / 100 Luma
ISO4217
AMD
Timeline
??.12.1991
Parliament resolution on the nationalization of the State Bank of the USSR as "National Bank of the Republic of Armenia"; effective immediately.
27.04.1993
Law on the establishment of the "Central Bank of the Republic of Armenia", transforming the National Bank; effective immediately. - 30.06.1996: Law (revised) on the Central Bank; effective 01.09.1996.
13.10.1993
Government resolution on the establishment of the "State Commission on the Regulation of the Monetary Circulation" Act [No. 15]; the commission was active until 22.11.1993 - 19.11.1993: Commission resolution [No. 15] on the introduction of the national currency; effective immediately.
22.11.1993
Start of currency exchange: - 22.11.1993: Start of issuance of the new banknotes and coins - 28.02.1994: Demonetization of the Russian currency (?).