20 Roubles Track–and–Field Athletics

Issued as part of Belarus's early commemorative silver program, this piece belongs to a sports-themed series released in the lead-up to increased national emphasis on athletic prestige following independence. Belarus had competed under its own flag for the first time at the 1994 Lillehammer Winter Olympics, and the mid-to-late 1990s saw the National Bank leverage commemorative coinage aggressively as a hard-currency revenue stream — collector export, not domestic circulation, was always the point.

KM#29 is among the lower-mintage issues of the period; precise figures are difficult to confirm from secondary sources.