1 Kopeck

The Novorossiya Reserve Bank was a declaratory institution of the self-proclaimed Novorossiya confederation — a political project announced in May 2014 by Russian-backed separatists seeking to unite the Donetsk and Luhansk People's Republics. The confederation effectively collapsed before the end of 2015 without achieving meaningful political consolidation, and the bank never functioned as an operational central bank in any conventional sense.

These fractional kopeck notes were never placed into general circulation. They exist primarily as political artifacts — produced to signal monetary ambitions that the entity issuing them never had the infrastructure to realize. The square-ish format is itself unusual, pushing against every conventional proportion used for paper fractional currency.