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From The History Of Armenian Coins. 1st Ever Paper Money Circulated

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  • From The History Of Armenian Coins. 1st Ever Paper Money Circulated

    FROM THE HISTORY OF ARMENIAN COINS. 1ST EVER PAPER MONEY CIRCULATED IN ARMENIA IN 19TH CENTURY

    Along with paper money, gold, silver and copper coins were also
    circulated, with billon (low-grade silver) coins entering circulation
    later.

    In early 19th century, Eastern part of Armenia was annexed to
    the Russian Empire with the latter's paper currency entering into
    circulation. This was the first time ever paper currency was circulated
    in Armenia to last for 100 years till 1917: among banknotes circulated
    were those of Russian emperors Alexander I, Nicholas I, Alexander II,
    Alexander III and Nicholas II.

    October 22, 2013

    PanARMENIAN.Net - Description of paper currency

    Russian emperors' paper money was very diverse, ranging from state bank
    notes, state credit bills, State Treasury bills, Treasury banknotes,
    short-term liabilities of State Treasury.

    1910 banknote of 100 rubles

    Description of coins

    Along with paper money, gold, silver and copper coins were also
    circulated, with billon (low-grade silver) coins entering circulation
    later.

    In 1828 through 1845, for the first time ever, 3, 6 and
    12-rouble platinum coins were minted. As a result of reforms, gold
    monometallism-based paper money and coin systems were optimized to
    become one of the most advanced ones in the world. Among the most
    interesting ones are 1 and 1,5-rouble commemorative silver coins,
    timed to most important events in the Russian Empire.

    Copper coins had face values of 1/4, 1/2, 1, 2, 3 and 5 copecks; billon
    coins - 5, 10, 15 and 20 copecks; silver coins - 25, 50 copecks and 1,
    1,5 rubles; gold ones - with a face value of 3, 5 rubles, 7 rubles
    50 copecks, 10 and 15 rubles.

    Reverses of Russian Empire copper coins

    Reverses of Russian Empire billon coins

    Obverse of Nicholas II silver coin

    Unusual gift coins - gold coins with a face value of 25 rubles,
    37 rubles 50 copecks are of special interest.

    After the February Revolution of 1917, the currency of Russia's
    provisional government entered into circulation. Only paper currency
    was used at the time, with no coins minted.

    Russian Provisional Government's Kerensky coins

    The material was prepared in cooperation with Gevorg Mughalyan,
    the numismatist of the Central Bank of Armenia.

    http://www.panarmenian.net/eng/details/171639/

    Viktoria Araratyan / PanARMENIAN.Net, Varo Rafayelyan / PanARMENIAN
    Photo

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