Replacement of Armenia notes and coins

Solvency features of the dram

Banknotes and coins of RA shall be considered solvent if they correspond to the description and solvency features defined by the Central Bank.

Banknotes have not maintained their integrity, but at least 60% of the surface area of the banknote has been clearly preserved

Banknotes are made up of torn, attached or glued pieces of indisputably the same banknote

Banknotes have changed their original form (are twisted, flattened, or cut), have been subjected to high temperature or chemical agents (causing loss of color, partial melting, and destruction), and do not raise doubt to their validity

As a result of contamination, the clarity of the image and colors of the banknote are not preserved

Banknotes have not maintained their integrity, but at least 60% of the surface area of the banknote has been clearly preserved, and the preserved part allows to establish the valitidy of the banknote

Banknotes have been covered with paint or have lost their color, but the images and protective features are visible, and allow to establish the validity of the banknote

Banknote, which have notes on extinguished solvency

Banknotes with manufacturing defects

The integrity has not consist of 60% of the surface area of the banknote

Banknotes have been deliberately altered (as to the nominal value, design, and image sizes), and their protective features (holographic image and foil) have had deliberately removed

The holographic image of the banknotes is absent

The banknote punched with six holes by the Central Bank of Armenia

The banknote with the inscription “SAMPLE”

Banknotes of the Republic of Armenia, the rules of their checking, exchange and reproduction

Solvency features of the coin

Coins shall be considered solvent and exchanged if they correspond to the description and solvency features defined by the Central Bank.

Twisted, flattened coins, but the obverse and the reverse images are preserved

Deliberately altered coins

Separate parts of the coin, except the manufacturing defect

Coins with manufacturing defects

Obverse and reverse images are not visible due to damage

Banknotes of the Republic of Armenia, the rules of their checking, exchange and reproduction

RA Currency Exchange Rules

“Validity Standards and Rules for Exchange of RA Currency”

Central Bank of Armenia Exchange Desk

Terms of Use (under Article 46 of the RA Law on the Central Bank of the Republic of Armenia)

Following a defined procedure, the Central Bank exchanges worn and damaged banknotes and coins, including commemorative coins, that meet validity requirements, free of charge and without restriction as to amount.

The currency that does not meet the Central Bank’s security and validity requirements for banknotes and coins, including commemorative coins, is not redeemed by the Bank and is withdrawn from circulation.

The Central Bank does not redeem lost banknotes or coins, including commemorative coins.

Citizens may present currency that is questionable in terms of authenticity or validity for examination in person at the Central Bank’s currency exchange desk in Yerevan with the attached application.

Tariffs

Central Bank of Armenia Tariffs and Rates (following Decision No. 1/838A dated 01.12.2005)

Exchange of RA Currency	Tariff
Acceptance and issuance of up to 50 banknotes/coins per denomination	0 AMD
Acceptance and issuance of 51 or more banknotes/coins per denomination	3% of the amount exchanged

Address and Working Hours

Address: 6 Vazgen Sargsyan St., Yerevan

Working Hours: 09:30-16:00

Lunch Break: 13։00-14։00

Application Form

Appendix 5

Regulation 9

Validity and Obsolescence Standards for the Republic of Armenia Currency

Cash Transactions in Banks Operating Within the Territory of the Republic of Armenia

«-----» ----------------------- 20….

Central Bank of Armenia----------------------------------------

(applicant’s name, surname, passport information, address, and telephone number)

A P P L I C A T I O N

For Examination of Questionable Currency

Please accept for examination the attached currency, comprising ------------------------Dram /----------- pieces,* totaling ……….. (amount in words), in the following denominations:

Denomination	Quantity	Number of Pieces (in the event there are pieces)	Serial Number (if preserved)



Total

Reason for Damage to Currency _____________________________________

Applicant: ----------------------------

(signature)

Receipt Number ______________ Provided

*In the event there are pieces of currency being submitted, it is acceptable not to specify the total amount.

__________________________________________________________________________________

Central Bank of Armenia

RECEIPT No. ____

The Central Bank of Armenia received for examination ____ quantity of currency, totaling ____________________ Dram from …………………………………………, in the following denominations:

(amount in words)

Denomination	Quantity	Number of Pieces (in the event there are pieces)	Serial Number (if preserved)



Total

_______________________

(Name and Surname of Person Receiving the Currency)

_______________________

(Signature of Person Receiving the Currency)

The examination results will be provided within three working days. However, this period may be extended up to 30 working days.

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Reverse

Invalid and counterfeit currency is not subject to exchange and will not be returned to the applicant.
This receipt may not be transferred to another person without the knowledge of the Central Bank. The applicant must return the receipt to the bank upon receiving the replacement currency.
A passport must be presented when receiving replacement currency.