# Artsakh dram

> currency

**Wikidata**: [Q94418](https://www.wikidata.org/wiki/Q94418)  
**Wikipedia**: [English](https://en.wikipedia.org/wiki/Artsakh_dram)  
**Source**: https://4ort.xyz/entity/artsakh-dram

## Summary
The Artsakh dram was the official currency of the Republic of Artsakh, a former de-facto state in the South Caucasus that existed from 1992 to 2024. Introduced in 1998, it served as the medium of exchange for goods and services within the region, also known by its alias, the Nagorno-Karabakh dram.

## Key Facts
- The Artsakh dram was the currency of the Republic of Artsakh, a self-declared state in the South Caucasus.
- It was introduced in 1998 and remained in use until the dissolution of the Republic of Artsakh in 2024.
- The currency is also referred to as the Nagorno-Karabakh dram.
- The Republic of Artsakh was established on September 2, 1991, and existed as a de-facto state until 2024.
- The Artsakh dram is classified as a currency, functioning as a medium of exchange for goods and services.

## FAQs
**What was the Artsakh dram?**
The Artsakh dram was the official currency of the Republic of Artsakh, used for transactions within the region from 1998 until the state's dissolution in 2024.

**When was the Artsakh dram introduced?**
The Artsakh dram was introduced in 1998, serving as the primary currency for the Republic of Artsakh.

**What is the Republic of Artsakh?**
The Republic of Artsakh was a de-facto state in the South Caucasus, existing from 1992 to 2024, with its inception dated back to September 2, 1991.

**What is another name for the Artsakh dram?**
The Artsakh dram is also known as the Nagorno-Karabakh dram.

## Why It Matters
The Artsakh dram played a crucial role in the economic functioning of the Republic of Artsakh, providing a stable medium of exchange for goods and services within the region. Its existence reflected the de-facto state's efforts to establish economic independence and sovereignty. The currency's introduction in 1998 marked a significant step in the region's development, highlighting its unique status and the challenges faced by unrecognized states in establishing economic systems.

## Notable For
- Being the official currency of the Republic of Artsakh, a former de-facto state.
- Introduced in 1998, marking a key milestone in the region's economic history.
- Known by the alias Nagorno-Karabakh dram, reflecting its geographical and political context.
- Serving as a medium of exchange for goods and services within the Republic of Artsakh.

## Body
### History
The Artsakh dram was introduced in 1998 as the official currency of the Republic of Artsakh. This marked a significant development in the region's economic history, providing a stable medium of exchange for goods and services. The Republic of Artsakh, established on September 2, 1991, existed as a de-facto state until 2024. The introduction of the Artsakh dram reflected the region's efforts to establish economic independence and sovereignty.

### Classification and Function
The Artsakh dram is classified as a currency, functioning as a generally accepted medium of exchange for goods and services. This classification aligns with the broader definition of currencies, which facilitate economic transactions within a specific region or state. The Artsakh dram played a crucial role in the economic functioning of the Republic of Artsakh, enabling trade and commerce within the region.

### Aliases and Terminology
The Artsakh dram is also known by the alias Nagorno-Karabakh dram. This alternative name reflects the geographical and political context of the region, highlighting its association with the Nagorno-Karabakh area. The use of both names underscores the complex political and historical background of the Republic of Artsakh.

### Related Entities
The Artsakh dram is closely associated with the Republic of Artsakh, a former de-facto state in the South Caucasus. The Republic of Artsakh was established on September 2, 1991, and existed until 2024. The currency's introduction in 1998 marked a key milestone in the region's development, reflecting its unique status and the challenges faced by unrecognized states in establishing economic systems.

### Economic Significance
The Artsakh dram played a vital role in the economic functioning of the Republic of Artsakh. As the official currency, it facilitated trade and commerce within the region, providing a stable medium of exchange for goods and services. The introduction of the Artsakh dram in 1998 marked a significant step in the region's development, highlighting its efforts to establish economic independence and sovereignty. The currency's existence reflected the de-facto state's unique status and the challenges faced by unrecognized states in establishing economic systems.

## References

1. Freebase Data Dumps. 2013