Armenian ruble
Encyclopedia
The ruble was the independent currency of the Democratic Republic of Armenia
Democratic Republic of Armenia
The Democratic Republic of Armenia was the first modern establishment of an Armenian state...

 and the Armenian Soviet Socialist Republic between 1919 and 1923. It replaced the first Transcaucasian ruble
Transcaucasian ruble
The ruble , manat or maneti was the currency of both Transcaucasian states, the Transcaucasian Democratic Federative Republic and the Transcaucasian Soviet Federal Socialist Republic.-First Transcaucasian ruble:...

 at par and was replaced by the second Transcaucasian ruble after Armenia became part of the Transcaucasian Soviet Federal Socialist Republic. No subdivisions of the ruble were issued and the currency existed only as banknotes.

Banknotes

Notes were issued by the Democratic Republic in denominations of 5, 10, 25, 50, 100, 250, 500, 1000, 5000 and 10,000 ruble. Most were quite crudely printed with mostly Russian text. However, three denominations (50, 100 and 250 ruble) were printed in the UK
United Kingdom
The United Kingdom of Great Britain and Northern IrelandIn the United Kingdom and Dependencies, other languages have been officially recognised as legitimate autochthonous languages under the European Charter for Regional or Minority Languages...

 by Waterlow and Sons
Waterlow and Sons
The Waterlow and Sons Limited was a major worldwide engraver of currency, postage stamps, stocks and bond certificates established in 1897, in England.-Portuguese Bank Note Crisis:...

Ltd and these notes are of a much finer style, bearing mostly Armenian text.

The ASSR issued denominations between 5000, 10,000, 25,000, 100,000, 500,000, 1 million and 5 million ruble. These notes bore Armenian and Russian texts together with communist slogans in various languages on the reverses.
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