Arshak Fetvadzhyan, Author of the Banknotes

Arshak Fetvadzhyan, Author of the Banknotes of the First Republic of Armenia

On May 20, 1918, immediately after the declaration of the independence of the First Republic of Armenia, one of the primary tasks of the new government became the creation of the national currency and ensuring money turnover in the country. Prior to the declaration of independence, the currency of the Transcaucasian Commissariat called “bon” had …

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