100 Roubles

Belarus issued its first roubles in 1992 as the country transitioned away from Soviet-era currency following independence in 1991. These early notes were produced under considerable logistical pressure — the National Bank had no established printing infrastructure of its own, and the series was put into circulation as a temporary measure while longer-term monetary arrangements were worked out.

The 1992 series is sometimes called the "zaichiki" — little hares — by Belarusians, a nickname derived from the wildlife imagery used across the denominations. Deeply unpopular with the public, the term stuck as an ironic diminutive during a period of severe inflation that quickly rendered low denominations like this one functionally worthless.