The Central Bank of Armenia recently released three types of new silver commemorative coins, which are devoted to the Mother Cathedral of Holy Etchmiadzin, Gndevank Monastery, and Noravank Monastery. This has been done within the framework of the “Armenian Monasteries and Churches” International Numismatics Program, which is being sponsored by the Coin Invest Trust from Liechtenstein, and the coins were made in Germany.
The exterior of all the coins is similar , they have the same technical traits, and colored paint was used during their manufacturing. In the center of the coin the church is painted. At the sides the name of the church is written in English and in Armenian. The corners are decoratively designed. On the back side of the coin its value is written: 1000 AMD which is approximately 2.43 $.
The Central Bank of Armenia has the sole authority to authorize coinage on behalf of the Armenian government. Modern Armenian coins are struck mostly by mints affiliated with various European governments, under contract with the Central Bank. Within Armenia, new commemorative releases besides these coins are typically available for sale at the “Numismatist” salon of the Central Bank headquarters in Yerevan. They include coins devoted to the 500th anniversary of Armenian book printing, the 20thanniversary of liberation of Shushi etc.