How are dram banknotes and coins produced—domestically or outsourced to foreign printers/mints?

Understanding how dram banknotes and coins are produced is vital for remittance businesses operating in Armenia. Since 1993, the Central Bank of Armenia (CBA) has been responsible for issuing the national currency—the Armenian dram (AMD). While coin minting is conducted domestically at the CBA’s own mint in Yerevan, banknote printing is outsourced to specialized foreign security printers. This hybrid model ensures high-quality, counterfeit-resistant notes while leveraging global expertise in polymer and intaglio printing technologies.

Notably, major international firms—including De La Rue (UK), Oberthur Fiduciaire (France), and Crane Currency (USA)—have printed Armenian dram banknotes under strict CBA supervision and contractual safeguards. These partnerships uphold stringent security standards, including embedded holograms, watermarking, and optically variable ink—critical for financial integrity and public trust.

For remittance providers, this production framework means consistent currency authenticity, predictable supply chains, and seamless integration with Armenia’s modernized payment infrastructure. Knowing that dram notes meet global anti-counterfeiting benchmarks helps businesses mitigate compliance risk, streamline reconciliation, and enhance customer confidence—especially for diaspora senders prioritizing reliability and transparency.

In short: coins are minted locally; notes are printed abroad under CBA oversight—a balanced, secure approach that supports Armenia’s growing digital and cross-border financial ecosystem.

 

 

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