Finances, Banks, Foreign Trade
The official currency of the Nagorno Karabakh Republic is the Armenian Dram. The rate of Armenian Dram is balanced against the US Dollar in the NKR. The banking system of the NKR consists of different banks and banking institutions. The Closed Joint Stock Company, ArtsakhBank www.artsakhbank.am, has branches throughout the NKR. In Armenia and Stepanakert, branches of Armagrobank, Armimpexbank, Armeconombank, and Armeconominvestbank are all part of the banking system. All of these banks act according to agreements with their headquarters, offering regular banking services, (account servicing, money transfers) with the exception of issuing credit.