100 Roubles Fortress of Belgorod

Transnistria has never been recognized by any United Nations member state, yet its Republican Bank has issued a continuous stream of collector coinage since the 1990s — functioning as a de facto central bank for a territory that exists in a permanent legal gray zone between Moldova and Ukraine. The Belgorod fortress commemorated here is the medieval fortification at Bilhorod-Dnistrovskyi, a site that passed through Genoese, Ottoman, and eventually Russian and Soviet hands over six centuries.

The dual KM references suggest this type was cataloged under two separate entries, likely due to a variant — possibly a proof versus bullion distinction or a mintage correction identified after initial attribution.