100 Roubles

Transnistria's 1994 note series was issued by the Banca Nistriana, the self-declared republic's central bank, at a moment when the breakaway territory — unrecognized by any UN member state — was still constructing the basic apparatus of a functioning economy following the 1992 armed conflict with Moldova. The rouble was pegged informally to the Russian rouble but operated as a fully separate instrument, used exclusively within a territory roughly 200 kilometres long and never more than 40 wide.

P#7 falls within the first domestically denominated issue after earlier coupon-based transitional money. Hyperinflationary pressure meant higher denominations were needed almost immediately after printing.