1 Rouble Valea-Adinca

Transnistria has issued commemorative roubles with some regularity since the mid-2000s, using them as soft-power tokens of a state that no UN member recognizes. The Pridnestrovian Republican Bank functions as a central bank for a country that officially does not exist — its currency inconvertible, its roubles accepted nowhere outside the strip of land between the Dniester and the Ukrainian border. Valea-Adîncă is a village in that territory, part of the quietly methodical series documenting Transnistrian localities.

With Russian gas subsidies that long propped up the Transnistrian economy cut sharply in early 2025, the timing of new coinage issues carries a particular edge.