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500 Roubles

Issuer National Bank of the Republic of Tajikistan
Year 1994
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Currency Rouble (1995-2000)
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Obverse description The national coat of arms of Tajikistan occupies the left-center field within an octagonal intaglio vignette, surrounded by intricate guilloche lacework on a pink and cream underprint. Denomination numerals "500" appear in large letterpress at upper left and lower left corners, with an additional value medallion at lower right enclosed in a scalloped guilloche cartouche. The date "1994" is printed in red at the lower right margin.
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Reverse description A vignette of the Tajik parliament building (Majlisi Oli) in Dushanbe occupies the left-center field, with the national flag of Tajikistan in full color flying above the roofline. To the right, a large multicolor guilloche rosette encloses the denomination "500" above the Tajik words for five hundred rubles, with radiating beams in blue and red below; denominal counters appear at lower left and lower right corners.
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Tajikistan's 1994 banknote series — of which this is the highest denomination — was issued during a period of acute monetary instability following the collapse of the Soviet ruble zone. The country had been using Russian rubles as late as 1994, and the introduction of the Tajikistani ruble that year coincided with an ongoing civil war that had begun in 1992. Hyperinflation rendered high denominations like this one functionally inadequate almost immediately after issue.

The series was printed by Goznak, the Russian state printing enterprise, an arrangement reflecting Tajikistan's continued economic dependency on Moscow even as it established nominal monetary independence.

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