Armenian ruble

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The ruble (Armenian: ռուբլի, Russian: рубль) was the independent currency of the Democratic Republic of Armenia and the Armenian Soviet Socialist Republic between 1919 and 1922. It replaced the first Transcaucasian ruble at par and was replaced by the second Transcaucasian ruble when Armenia became part of the Transcaucasian Soviet Federal Socialist Republic. No subdivisions of the ruble were issued and the currency existed only as banknotes.

Notes were issued by the Democratic Republic in denominations between 5 and 10,000 rubles. Most were quite crudely printed with mostly Russian text. However, three denominations (50, 100 and 250 rubles) were printed in the U.K. by Waterlow and Sons Ltd and these notes are of a much finer style, bearing mostly Armenian text.

The ASSR issued denominations between 5000 and 5 million rubles. These notes bore Armenian and Russian texts together with communist slogans in various languages on the reverses.