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20 Roubles National Bank of Belarus

Issuer National Bank of the Republic of Belarus
Year 2001
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Reference(s) P#33
Obverse description Central vignette shows the facade of the National Bank of the Republic of Belarus building in Minsk, rendered in a fine architectural engraving style. The bank's initials and the commemorative date range 1991–2001 appear to the right, with the denomination inscribed below the vignette. Decorative guilloche borders frame the composition on both sides.
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Reverse description A detailed vignette occupies the central field, presenting a perspective view of the grand interior hall of the National Bank, with arched colonnades, tall windows, and ornate chandeliers rendered in warm ochre and brown tones. The denomination numeral '20' appears in large figures at the lower right, with the value in words above. Symmetrical Belarusian folk-pattern guilloche borders in red and orange flank the central vignette on both sides.
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Comments

Belarus redenominated in 2000, lopping three zeros off the catastrophically inflated post-Soviet rouble — this note belongs to that reformed series, which briefly restored some semblance of nominal stability before inflation continued eroding purchasing power through the early 2000s. The National Bank had already issued multiple distinct series since 1992, each one a response to a monetary situation worse than the last.

Pick 33 is common in circulated grades; the series was heavily used and the paper holds up poorly under Belarusian circulation conditions. Another redenomination followed in 2016, retiring these notes entirely.

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