Transnistrian ruble

From Wikipedia, the free encyclopedia
Jump to: navigation, search
Transnistrian ruble
ruble transnistrene (Moldovan)
приднестровский рубль (Russian)
придністровський рубль (Ukrainian)
Pridniestrowie one ruble.jpg
1 ruble (2007 issue)
ISO 4217 code none
Central bank Trans-Dniester Republican Bank
 Website http://www.cbpmr.net/
User(s) Transnistria Transnistria
Inflation 10.83%
 Source "Inflation", Pridnestrovie, 2006 
Subunit
 1/100 kopecks
Symbol Pridnestrovie ruble sign.svg
Coins 5, 10, 25, 50 kopecks and 1, 3, 5 and 10 rubles
Banknotes 1, 5, 10, 25, 50, 100, 200, 500 rubles

The ruble is the currency of Transnistria and is divided into 100 kopecks. Since Transnistria is a state with limited international recognition, its currency has no ISO 4217 code. However, unofficially some Transnistrian organisations such as Agroprombank and Gazprombank used the code PRB. The Trans-Dniester Republican Bank sometimes uses the code RUP.[1]

First ruble (1994)[edit]

Soviet banknotes were used in the Trans-Dniester Moldavian Republic after its formation in 1990. When the former Soviet republics began issuing their own currencies, Transnistria was flooded with Soviet rubles. In an attempt to protect its financial system, in July 1993 the government bought used Goznak-printed Soviet and Russian notes dated 1961–1992 which it modified by adhering stamps bearing the image of General Alexander Vasilyevich Suvorov, founder of Tiraspol. These stamped notes replaced unstamped Soviet and Russian notes at par. It is thought that most uncirculated notes bearing these stickers were created after 1994 specifically for collectors.[2]

Second ruble (1994–2000)[edit]

The first, provisional issues were replaced in August 1994 by a new ruble, equal to 1000 old rubles. This currency consisted solely of banknotes and suffered from high inflation, necessitating the issue of notes overstamped with higher denominations. Although issued in 1994, some notes (50 to 5000 rubles) were issued dated 1993.

Banknotes[edit]

1994 Series
Value Dimensions Main Colour Images Description Date of
Obverse Reverse Obverse Reverse printing issue
1 ruble  ?? Green 1 Kupon ruble obverse.jpg 1 Kupon ruble reverse.jpg Alexander Suvorov Transnistrian Supreme Soviet 1994 1994
5 rubles Blue 5 Kupon ruble obverse.jpg 5 Kupon ruble reverse.jpg
10 rubles Red Transnistria 10 Obverse.jpg Transnistria 10 Reverse.jpg
50 rubles Dull Green 50 Kupon Ruble Obverse.jpg 50 Kupon Ruble Reverse.jpg Equestrian Statue of Alexander Suvorov in Tiraspol 1993 1993
100 rubles Brown 100 Kupon Ruble Obverse.png 100 Kupon Ruble Reverse.png
200 rubles Red violet Equestrian Statue of Alexander Suvorov in Tiraspol Transnistrian Supreme Soviet 1993 1994
500 rubles Blue Equestrian Statue of Alexander Suvorov in Tiraspol Transnistrian Supreme Soviet 1993 1994
1000 rubles Purple and red-violet Equestrian Statue of Alexander Suvorov in Tiraspol Transnistrian Supreme Soviet 1993 1994
5000 rubles Black on deep olive-green Equestrian Statue of Alexander Suvorov in Tiraspol Transnistrian Supreme Soviet 1993 1995

Third ruble (2000–present)[edit]

In 2000, a new ruble was introduced at a rate of 1 new ruble = 1 000 000 old rubles. This new currency consists of both coins and banknotes.

Coins[edit]

Coins are of 1 to 50 kopecks and are made from aluminium or copper-zinc and are similar to Soviet-era coinage. The 1 kopeck coins were withdrawn from circulation in January 2009.

On August 22, 2014, the Transnistrian Republican Bank issued coins made of composite materials and come in denominations of 1-, 3-, 5- and 10 rubles.[3][4]

Commemorative coins[edit]

Commemorative coin depicting Pyotr Vershigora

Since 2000 the Transnistrian Republican Bank has issued a large number of commercial commemorative coins made from silver and gold. Their mintage numbers were very low, ranging between 500 and 5,000. Topics included for example "Ancient fortresses on the river Dniester", "The Outstanding people Transdniestria" and "Red book Transdniestria". A complete listing can be found on the website ([2]) of the Transnistrian Republican Bank.

Mint[edit]

Initially Transnistria did not have its own mint. Thus a foreign mint had to be found to strike Transnistrian coins. The Polish State Mint (Polska Mennica) in Warsaw was selected for the job and accepted it.[5] Coins dated 2000 were struck in Warsaw and transported via Ukraine to Transnistria in trucks belonging to the Transnistrian Republican Bank.

The Moldovan government was not pleased with this situation, since they viewd it as a de facto recognition of Transnistria. In October 2001 Moldovan president Vladimir Voronin addressed the issue with his Polish counterpart.[6]

The Polska Mennica responded to the criticism by stating that because the Transnistrian ruble is not internationally recognized as a currency, they were in fact producing tokens (and not coins). Which is normal busines for mints.[7]

The conflict came to a height when in December 2004 Ukrainian customs confiscated a truck with $117,000.- worth of Transnistrian coins near Lviv. The coins were handed over to the Moldovan authorities, who in response again protested with the Polish government.

The Polish ministries of foreign affaris en state property wrote another letter to the Polish mint in April 2005. They warned that continued production of Transnistrian coins would endanger relations with Ukraine and Moldova en damage the image of Poland abroad. The Polish mint bowed to the pressure and cancelled its contract with Transnistria the same month.

For Transnistria there was then no other solution but to strike future coins themselves. Thus on 18 November 2005 the Tiraspol Mint (Тираспольский монетный двор) was openend in the presence of president Igor Smirnov.

Banknotes[edit]

Notes are issued by the Transnistrian Republican Bank (Приднестровский Республиканский Банк) in denominations of 1 to 500 rubles.

2000 Series[edit]

2000 Series
Value Dimensions Main Colour Images Description Date of
Obverse Reverse Obverse Reverse printing issue
1 ruble 129 × 56 mm Orange Pmr-money-rouble-1-obv.jpg Pmr-money-rouble-1-rev.jpg Alexander Suvorov Chiţcani monument 2000 2000
5 rubles Blue Pmr-money-rouble-5-obv.jpg Pmr-money-rouble-5-rev.jpg KVINT brandy factory
10 rubles Brown Pmr-money-rouble-10-obv.jpg Pmr-money-rouble-10-rev.jpg Novo-Nyametsky Monastery
25 rubles Red 25 PMR 2000 ruble obverse.jpg 25 PMR 2000 ruble reverse.jpg Bender Castle
50 rubles 129 × 60 mm Green 50 PMR 2000 ruble obverse.jpg 50 PMR 2000 ruble reverse.jpg Taras Shevchenko Presidential palace / government building in Tiraspol
100 rubles Purple 100 PMR 2000 ruble obverse.jpg 100 PMR 2000 ruble reverse.jpg Dimitrie Cantemir The Cathedral of Christmas, Tiraspol
200 rubles 135 × 64 mm Dark brown 200 PMR 2004 ruble obverse.jpg 200 PMR 2004 ruble reverse.jpg Peter Rumyantsev-Zadunaisky Battle of Gross-Jägersdorf, July 21, 1757 2004
2012
2004
500 rubles 140 × 68 mm Dull green 500 PMR 2004 ruble obverse.jpg 500 PMR 2004 ruble reverse.jpg Catherine II The decree of the creation of Tiraspol by Catherine II, and the plan of a fortress

2007 Series[edit]

In 2007 a new series replaced the above banknotes of denominations 1 to 100 rubles. The new notes have the same themes but a new design.

2007 Series
Value Dimensions Main Colour Images Description Date of
Obverse Reverse Obverse Reverse printing issue
1 ruble 129 × 55 mm Brown 1 PMR ruble obverse.jpg 1 PMR ruble reverse.jpg Alexander Suvorov Chiţcani monument 2007
2012
2007
5 rubles Blue 5 PMR ruble obverse.jpg 5 PMR ruble reverse.jpg KVINT brandy factory
10 rubles Green/Black 10 PMR ruble obverse.jpg 10 PMR ruble reverse.jpg Novo-Nyametsky Monastery
25 rubles Red 25 PMR ruble obverse.jpg 25 PMR ruble reverse.jpg Bender Castle
50 rubles  ?? Cyan 50 PMR ruble obverse.jpg 50 PMR ruble reverse.jpg Taras Shevchenko Presidential palace / government building in Tiraspol
100 rubles Purple 100 PMR ruble obverse.jpg 100 PMR ruble reverse.jpg Dimitrie Cantemir The Cathedral of Christmas, Tiraspol

Exchange rates[edit]

USD 1 = PRB 11.1 (kept stable)
EUR 1 = PRB 14.8673 (11 August 2014) [8]

References[edit]

External links[edit]