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20 Roubles The financial system of Belarus. 100 years
| Issuer | National Bank of the Republic of Belarus |
|---|---|
| Year | 2018 |
| Type | Non-circulating coin |
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| Obverse description | Log in to see details |
|---|---|
| Obverse script | Cyrillic |
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| Reverse script | Cyrillic |
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| Additional information |
Belarus established its central bank in 1992, following independence from the Soviet Union — inheriting an economy with no functioning monetary infrastructure of its own. The intervening decades were marked by persistent inflation, a catastrophic currency redenomination in 2000, and a second redenomination in 2016 that lopped four zeros off the Belarusian ruble. Commemorating a "financial system" that spent much of its existence in crisis is, at minimum, an optimistic framing.
The "100 years" reckoning traces the lineage back to Soviet-era institutions rather than post-independence ones — a common practice among former Soviet states seeking longer institutional pedigrees.