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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]

Transnistrian ruble
rublă transnistreană ‹See Tfd›(in Romanian)
приднестровский рубль ‹See Tfd›(in Russian)
придністровський рубль ‹See Tfd›(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

Contents

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.

BanknotesEdit

1994 Series
Value Dimensions Main Colour Images Description Date of
Obverse Reverse Obverse Reverse printing issue
1 ruble 125 mm x 57 mm Green     Alexander Suvorov Transnistrian Supreme Soviet 1994 1994
5 rubles Blue    
10 rubles Red    
50 rubles Dull Green     Equestrian Statue of Alexander Suvorov in Tiraspol 1993 1993
100 rubles Brown    
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
1000 rubles Purple     Alexander Suvorov Transnistrian Supreme Soviet 1994 1994
5000 rubles Black on deep olive-green     Equestrian Statue of Alexander Suvorov in Tiraspol Transnistrian Supreme Soviet 1993 1995
10,000 rubles Green     Alexander Suvorov overprinted on a 1 ruble note with "1oooo" only on front Transnistrian Supreme Soviet 1994 1996
10,000 rubles Green     Alexander Suvorov overprinted on a 10 ruble note with "10ooo" on front and back Transnistrian Supreme Soviet 1994 1998
50,000 rubles Brown     Bohdan Khmelnytsky Drama and Comedy theatre, Tiraspol 1995 1995
50,000 rubles Blue     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     Alexander Suvorov overprinted on a 5 ruble note with "50ooo" on front and back Transnistrian Supreme Soviet 1994 1996
100,000 rubles Red     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     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.

CoinsEdit

Coin of the Transnistrian ruble
Image Value Technical parameters Description Date of first minting Notes
Diameter Thickness Mass Composition Edge Obverse Reverse
  1 kopeck 15.9 mm 1.5 mm 0.62 grams Aluminum Plain/Smooth National emblem of the Pridnestrovian Moldavian Republic (Transnitria), year of issue Numerical "1", inscription "КОПЕЙКА" between two ears of wheat 2000 Minted by the Mint of Poland (Mennica Polska); withdrawn from circulation in January 2009
5 kopecks 17.9 mm 1.4 mm 0.7 grams Aluminum Plain/Smooth National emblem of the Pridnestrovian Moldavian Republic (Transnitria), year of issue Numerical "5", inscription "КОПЕЕК" between two ears of wheat 2000 Minted by the Mint of Poland (Mennica Polska)
  5 kopecks 18 mm mm 1.43 mm 0.79 grams Aluminum Plain/Smooth National emblem of the Pridnestrovian Moldavian Republic (Transnitria), year of issue Numerical "5", inscription "КОПЕЕК" between two ears of wheat 2005 Modified coat of arms; minted by the Tiraspol Mint (Тираспольский монетный двор)
10 kopecks 20 mm 1.5 mm 1 gram Aluminum Plain/Smooth National emblem of the Pridnestrovian Moldavian Republic (Transnitria), year of issue Numerical "10", inscription "КОПЕЕК" between two ears of wheat 2000 Minted by the Mint of Poland (Mennica Polska)
  10 kopecks 20 mm 1.5 mm 1 gram Aluminum Plain/Smooth National emblem of the Pridnestrovian Moldavian Republic (Transnitria), year of issue Numerical "10", inscription "КОПЕЕК" between two ears of wheat 2005 Modified coat of arms; minted by the Tiraspol Mint (Тираспольский монетный двор)
25 kopecks 17 mm 2.15 grams Aluminum-Bronze Plain/Smooth National emblem of the Pridnestrovian Moldavian Republic (Transnitria), year of issue Numerical "25", inscription "КОПЕЕК" inside a stylized laurel wreath 2002 Minted by the Mint of Poland (Mennica Polska)
25 kopecks 17 mm 1.36 mm 2.2 grams Aluminum-Bronze Plain/Smooth National emblem of the Pridnestrovian Moldavian Republic (Transnitria), year of issue Numerical "25", inscription "КОПЕЕК" inside a stylized laurel wreath 2005 Modified coat of arms; non-magnetic
25 kopecks 17 mm 1.46 mm 2.1 grams Bronze-plated steel Plain/Smooth National emblem of the Pridnestrovian Moldavian Republic (Transnitria), year of issue Numerical "25", inscription "КОПЕЕК" inside a stylized laurel wreath 2005 Modified coat of arms; magnetic; minted by the Tiraspol Mint (Тираспольский монетный двор)
50 kopecks 19 mm 1.45 mm 2.75 grams Aluminum-Bronze Plain/Smooth National emblem of the Pridnestrovian Moldavian Republic (Transnitria), year of issue Numerical "50", inscription "КОПЕЕК" inside a stylized laurel wreath 2000 Minted by the Mint of Poland (Mennica Polska)
50 kopecks 18.9 mm 2.70 grams Aluminum-Bronze Plain/Smooth National emblem of the Pridnestrovian Moldavian Republic (Transnitria), year of issue Numerical "50", inscription "КОПЕЕК" inside a stylized laurel wreath 2005 Modified coat of arms; non-magnetic
50 kopecks 19 mm 1.45 mm 2.80 grams Bronze-plated steel Plain/Smooth National emblem of the Pridnestrovian Moldavian Republic (Transnitria), year of issue Numerical "50", inscription "КОПЕЕК" inside a stylized laurel wreath 2005 Modified coat of arms; magnetic; minted at the Tiraspol Mint (Тираспольский монетный двор)
50 kopecks 19 mm 1.45 mm 2.80 grams Bronze-plated steel Plain/Smooth National emblem of the Pridnestrovian Moldavian Republic (Transnitria), year of issue Numerical "50", inscription "КОПЕЕК" inside a stylized laurel wreath 2005 Modified coat of arms; magnetic; minted at the Tiraspol Mint (Тираспольский монетный двор)
  1 ruble 26 mm 1.2 mm 0.85 grams Composite material Plain/Smooth Numerical "1", inscription "РУБЛЬ, ПРИДНЕСТРОВСКИЙ РЕСПУБЛИКАНСКИЙ БАНК", portrait of Alexander Suvorov Logo of the Transnistrian Republican Bank, year of issue and denomination in a repeated pattern 2014 Circular; Produced by Goznak of Russia
  3 rubles 31 mm 1.2 mm 1 gram Composite material Plain/Smooth Numerical "3", inscription "РУБЛЯ, ПРИДНЕСТРОВСКИЙ РЕСПУБЛИКАНСКИЙ БАНК", portrait of Francois Paul Swerts de Wollant Logo of the Transnistrian Republican Bank, year of issue and denomination in a repeated pattern 2014 Square-shaped (with rounded corners); Produced by Goznak of Russia
  5 rubles 28.6 mm 1.20 mm 1 gram Composite material Plain/Smooth Numerical "5", inscription "РУБЛЕЙ, ПРИДНЕСТРОВСКИЙ РЕСПУБЛИКАНСКИЙ БАНК", portrait of Pyotr Alexandrovich Rumyantsev-Zadunaisky Logo of the Transnistrian Republican Bank, year of issue and denomination in a repeated pattern 2014 Pentagonal-shaped (with rounded corners); Produced by Goznak of Russia
  10 rubles 28 mm 1.2 mm 0.9 grams Composite material Plain/Smooth Numerical "10", inscription "РУБЛЕЙ, ПРИДНЕСТРОВСКИЙ РЕСПУБЛИКАНСКИЙ БАНК", portrait of Catherine II, the Great Logo of the Transnistrian Republican Bank, year of issue and denomination in a repeated pattern 2014 Hexagonal-shaped (with rounded corners); Produced by Goznak of Russia

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 coinsEdit

 
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.

MintEdit

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.

BanknotesEdit

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 SeriesEdit

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

2007 SeriesEdit

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 and improved security features.

2007 Series
Value Dimensions Main Colour Images Description Date of
Obverse Reverse Obverse Reverse printing issue
1 ruble 129 × 55 mm Brown     Alexander Suvorov Chiţcani monument 2007 2007
2012
5 rubles Blue     KVINT brandy factory
10 rubles Green/Black     Novo-Nyametsky Monastery
25 rubles Red     Bender Castle
50 rubles 129 x 56 mm Cyan     Taras Shevchenko Presidential palace / government building in Tiraspol
100 rubles Purple     Dimitrie Cantemir The Cathedral of Christmas, Tiraspol

Exchange ratesEdit

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 20th of March 2019 [8] (Transnistrian rubles per foreign currency unit)

  • U.S. dollar: 16.1000 rubles
  • Euro: 18.2816 rubles
  • Russian ruble: 0.2503 rubles
  • Moldovan leu: 0.9169 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 TransnistriaEdit

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.

ReferencesEdit

External linksEdit