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50 Cupon

Issuer Banca Națională a Moldovei
Year 1992
Type Standard circulation banknote
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Obverse description The obverse is printed in dark grey on a light guilloche underprint and carries the Moldovan state coat of arms at centre-left — an eagle bearing a shield charged with an aurochs head, crescent, star and rose — set within a radiating sunburst vignette. To the right, the denomination numeral "50" and the word "CUPON" are rendered in large letterpress type, with the serial prefix in red. The issuer's title "BANCA NAȚIONALĂ A MOLDOVEI" runs across the top, the date "1992" appears at upper left, and the anti-counterfeiting legend "Falsificarea acestor bilete se pedepseste conform legilor" is printed along the lower right margin.
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Reverse description The reverse is printed in dark green and rose-pink on a white ground. A large intricate guilloche rosette occupies the left half of the note, flanked at each corner by oval cartouches enclosing the numeral "50". To the right, a fine-line engraved vignette presents a panoramic view of a medieval stone fortress — identifiable as the Tighina (Bender) or Soroca fortress — set against a landscape with trees and a river in the foreground.
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Comments

Moldova's first issued banknote, released in the months following independence as a transitional instrument before the permanent leu was ready. The term "cupon" — coupon — was deliberate: these were never intended as a proper currency, but as ration-linked payment slips designed to prevent Russian rubles from being used to drain Moldovan goods across the border during the supply crisis of 1991–92.

The guilloche underprint was essentially the only security measure the rapid production schedule allowed. Twelve million-plus printed, most circulated heavily and were retired quickly once the leu launched in 1993.

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