Catalog
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| Issuer | National Bank of the Republic of Belarus |
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| Year | 2014 |
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| Shape | Round |
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| Obverse description | The national coat of arms of the Republic of Belarus is depicted in the center of the obverse field, showing the traditional Belarusian state emblem featuring a map of the country, rays of the sun, and a ribbon in national colors. The legend РЭСПУБЛІКА БЕЛАРУСЬ (Republic of Belarus) arcs along the upper periphery in Cyrillic script. The fineness designation Ag 999 and the mint year 2014 appear in the lower field, flanking the arms, with the denomination 20 РУБЛЁЎ inscribed along the lower border. |
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| Obverse script | Cyrillic, Latin |
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| Additional information |
Belarus launched an extensive flora-themed silver series in the 2000s and 2010s, issuing dozens of denominations commemorating native plant species. Most were struck at the Mint of Poland in Warszawa, which handled the bulk of Belarusian commemorative production during this period. The series sold primarily to collectors within the post-Soviet states, where thematic silver commemoratives found a reliable domestic market despite Belarus's persistent economic difficulties under the Lukashenko government.
KM# 437 is one of the quieter entries in that catalog — low secondary-market velocity, modest original mintage.