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The Republic of Artsakh, also known as Nagorno-Karabakh, was a de facto independent republic in the South Caucasus that declared independence from Azerbaijan in 1991 amidst the collapse of the Soviet Union. Predominantly inhabited by ethnic Armenians, Artsakh maintained a self-governed status, supported politically and militarily by Armenia, despite lacking international recognition. Its capital was Stepanakert, and its culture and governance were deeply tied to Armenian traditions and history. The region was a focal point of conflict between Armenia and Azerbaijan, culminating in the 2020 Nagorno-Karabakh War and subsequent tensions. In 2023, Azerbaijan regained control over the territory, prompting a mass exodus of ethnic Armenians, effectively ending Artsakh’s existence as an autonomous entity.
Obverse
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Coat of arms of the Republic of Artsakh. NAGORNO-KARABAKH |
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Reverse
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Horse cantering left, value above and date below. 50 LUMA |
Edge |
50 Luma
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