50 Roubles

Belarus issued its first post-Soviet ruble series in 1992 as a transitional currency — the "zaichiki" (little hares), named colloquially after the animals depicted across the denominations. The Soviet ruble remained nominally legal tender alongside them during the transition period, an arrangement that created persistent confusion and encouraged parallel pricing.

The 1992 series was printed before the National Bank of Belarus had established independent printing infrastructure, making it one of the more logistically improvised currency launches of the post-Soviet breakup.