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100 Roubles Privatization voucher
| Issuer | Republic of Belarus |
|---|---|
| Year | 1992 |
| Type | Log in to see details |
| Value | 100 Roubles (100 BYB) |
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| Composition | Log in to see details |
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| Obverse description | Denomination numeral at left, with the first Belarusian state coat of arms — the Pahonia (armoured knight on horseback with raised sword) — centered at top. Cyrillic inscriptions identify this as a State Privatization Voucher "Housing" of the Republic of Belarus. The face value "100 РУБЛЁЎ" appears in bold lettering. |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | A vignette of contrasting old and new urban architecture forms the background. The body of the note is occupied by a numbered list of usage regulations for the privatization voucher, printed in Belarusian Cyrillic. The imprint of the State Papers Printing House of Belarus and the year 1992 appear at the foot. |
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| Comments |
Belarus issued these vouchers in 1992 as instruments for its mass privatization program — each citizen received one, nominally valued at 100 roubles, intended to be exchanged for shares in state enterprises being transferred to private ownership. The scheme largely failed. Most Belarusians, unfamiliar with equity investment and facing acute economic pressure, either sold their vouchers for cash well below face value or allowed them to expire unused.
Printed domestically by Dziarzhznak Belarusi rather than contracted abroad, as many post-Soviet states did with their early issues. The in-country production was a deliberate assertion of printing capability, though quality control on early Belarusian state paper issues from this period was inconsistent.