Transnistrian ruble

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Transnistrian ruble
ruble transnistrene (in Romanian)
приднестровский рубль (in Russian)
придністровський рубль (in Ukrainian)
Transnistrian ruble notes.jpg
2007 issue Transnistrian ruble banknotes
Denominations
Subunit
 1/100kopeck
копейка  (Russian)
copeică  (Romanian)
Pluralrubles
ruble  (Romanian)
The language(s) of this currency belong(s) to the Slavic languages. There is more than one way to construct plural forms.
 kopeck
копейка  (Russian)
copeică  (Romanian)
kopecks
copeici  (Romanian)
SymbolPridnestrovie ruble sign.svg (commonly руб/р, with occasionally ПМР after it)
Banknotes1, 5, 10, 25, 50, 100, 200, 500 rubles
Coins1, 5, 10, 25, 50 kopecks and 1, 3, 5 and 10 rubles
Demographics
User(s) Transnistria
Issuance
Central bankTrans-Dniester Republican Bank
 Websitehttp://www.cbpmr.net/
Valuation
Inflation10.83%
 Source"Inflation", Pridnestrovie, 2006

The ruble is the currency of Transnistria and is divided into 100 kopecks. Since Transnistria is a state with limited international recognition and considered as part of Moldova, its currency has no ISO 4217 code. However, unofficially some Transnistrian organisations such as Agroprombank and Gazprombank used the code PRB, a code that would otherwise be reserved for Puerto Rico (ISO 3166-1 country code PR). 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 Transnistrian government bought used Goznak-printed Soviet and Russian notes dated 1961–1992 which it modified by applying adhesive stamps bearing the image of General Alexander Vasilyevich Suvorov, founder of Tiraspol and its corresponding denomination. 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 Transnistrian 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 125 mm x 57 mm 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 Приднестровские 200 рублей 1993 года. Аверс.jpg Приднестровские 200 рублей 1994 года. Реверс.jpg Equestrian Statue of Alexander Suvorov in Tiraspol Transnistrian Supreme Soviet 1993 1994
500 rubles Blue Придн 500 1993 аверс.jpg Придн 500 1993 реверс.jpg Equestrian Statue of Alexander Suvorov in Tiraspol Transnistrian Supreme Soviet 1993 1994
1000 rubles Purple and red-violet Приднестровье тысяча рублей 1993 аверс.jpg Приднестровье тысяча рублей 1993 реверс.jpg Equestrian Statue of Alexander Suvorov in Tiraspol Transnistrian Supreme Soviet 1993 1994
1000 rubles Purple Приднестровье 1 тысяча рублей 1994 аверс.jpg Приднестровье 1 тысяча рублей 1994 реверс.jpg Alexander Suvorov Transnistrian Supreme Soviet 1994 1994
5000 rubles Black on deep olive-green Приднестровье 5 тысяч рублей 1993 аверс.jpg Приднестровье 5 тысяч рублей 1993 реверс.jpg Equestrian Statue of Alexander Suvorov in Tiraspol Transnistrian Supreme Soviet 1993 1995
10,000 rubles Green Приднестровье 10 тысяч рублей 1994 аверс.jpg Приднестровье 1 рубль 1994 реверс.jpg Alexander Suvorov overprinted on a 1 ruble note with "1oooo" only on front Transnistrian Supreme Soviet 1994 1996
10,000 rubles Green Приднестровье 10 тысяч рублей 1998 аверс.jpg Приднестровье 10 тысяч рублей 1998 реверс.jpg Alexander Suvorov overprinted on a 10 ruble note with "10ooo" on front and back Transnistrian Supreme Soviet 1994 1998
50,000 rubles Brown Приднестровье 50 тыс. 1995 аверс.jpg Приднестровье 50 тыс. 1995 реверс.jpg Bohdan Khmelnytsky Drama and Comedy theatre, Tiraspol 1995 1995
50,000 rubles Blue Приднестровье 50 тыс. 1994 аверс.jpg Приднестровье 50 тыс. 1994 реверс.jpg Alexander Suvorov overprinted on a 5 ruble note, with a holographic seal containing his equestrian statue in Tiraspol and the value "50000" on front Transnistrian Supreme Soviet 1994 1996
50,000 rubles Blue Приднестровье 50 тыс. 1996 аверс.jpg Приднестровье 50 тыс. 1996 реверс.jpg Alexander Suvorov overprinted on a 5 ruble note with "50ooo" on front and back Transnistrian Supreme Soviet 1994 1996
100,000 rubles Red Приднестровье 100 тыс. 1996 аверс.jpg Приднестровье 100 тыс. 1996 реверс.jpg Alexander Suvorov overprinted on a 10 ruble note with "100ooo" on front and back Transnistrian Supreme Soviet 1994 1996
500,000 rubles Purple on yellow Приднестровье 500 тысяч рублей 1997 аверс.jpg Приднестровье 500 тысяч рублей 1997 реверс.jpg Equestrian Statue of Alexander Suvorov in Tiraspol Transnistrian Supreme Soviet 1997 1997

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 ([1]) of the Transnistrian Republican Bank.

Mint[edit]

When it was founded, Transnistria did not have its own mint. Thus a foreign mint had to be found to strike Transnistrian coins. The Mint of Poland (Mennica Polska) in Warsaw was selected.[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 viewed 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 (Mint of Poland) responded to the criticism by stating that because the Transnistrian ruble is not internationally recognized as a currency, they were producing tokens and not coins, which is normal business for mints.[7]

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

The Polish Ministry of Foreign Affairs en state property wrote another letter to Polska Mennica (Mint of Poland) in April 2005. They warned that continued production of Transnistrian coins would endanger relations with Ukraine and Moldova and damage the image of Poland abroad. The Polska Mennica (Mint of Poland) bowed to the pressure and cancelled its contract with Transnistria that 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 opened in the presence of President Igor Smirnov.

Banknotes[edit]

Notes are issued by the Transnistrian Republican Bank (Приднестровский Республиканский Банк) in 2000 as part of a currency reform, with 1 ruble equal to 1 million (1,000,000) of the old rubles. The notes come in denominations of 1-, 5-, 10-, 25-, 50-, 100-, 200 and 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 Chițcani 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 2004
2012
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 2007
2012
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 129 x 56 mm 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]

The currency is de facto pegged to the United States dollar. The central bank determines each work day whether or not it is appropriate to devalue the currency against the U.S. dollar.[citation needed]

As of 5 June 2018[8] (Transnistrian rubles per foreign currency unit)

  • U.S. dollar: 16.10 rubles
  • Euro: 18.87 rubles
  • Russian ruble: 0.2601 rubles
  • Moldovan leu: 0.9437 rubles

On 11 February 2009 the exchange rate was set to 9 rubles per dollar. It was changed to 9.40 rubles on 5 March 2010, 9.80 on 24 September 2010, and 10.20 on 14 December 2010. By 2013, the value of the ruble had dropped to 11.10 rubles per dollar. This was further changed to 11.30 per dollar on 16 March 2016. On 17 June 2017, the currency was devalued to 15 rubles per dollar. It was set to 16 per dollar on 12 January 2018. The most recent change was made on 5 April 2018, when it was set to 16.10 rubles per dollar.

Acceptance outside Transnistria[edit]

The Transnistrian Ruble is generally not accepted as currency outside of Transnistria, though some bus companies with connections to Tiraspol accept Transnistrian rubles at the Chișinău bus station as well as local shops in Varnița. Also due to the Ukrainian crisis and lack of demand for Transnistrian rubles being accepted in the Kuchurgan market.

References[edit]

External links[edit]