This paper explores the medieval Armenian understanding of the city of Balkh as a capital of the Arsacid Empire. Medieval Armenian sources employ four strategies of remembrance: scriptural geography, genealogy, folk etymology, and origin stories. These strategies invest the city of Balkh as the source of power of both Armenian royalty and nobility, through their connections to the Great Arsacids. There are two main themes in the descriptions of Balkh. First, the Arsacids of Balkh consistently decimated Sasanian armies in ways that the Armenian Arsacids could not emulate. Second, Balkh emerges as a refuge for (usually Parthian) rebels against the Chinese and Persian Empires. This paper explores the significance of Balkh as a site of memory by placing Armenian constructions of the Great Arsacid past (with some potential echoes of Great Kushan and Kushano-Sasanian history) into dialogue with the history of the city as it appears in Arabic.