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25 Roubles

Issuer National Bank of Belarus
Year 1992
Type Standard circulation banknote
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Obverse lettering ДВАЦЦАЦЬ ПЯЦЬ РУБЛЁЎ
25
(Translation: Twenty Five Roubles)
Reverse description The central vignette presents the Pahonia — an armoured knight on rearing horseback, sword raised and shield bearing a cross — set within an oval guilloche frame surrounded by an ornate lobed cartouche in green and pink tones. The numeral 25 appears in dark green oval panels to the left and right of the central vignette. The issuer inscription runs along the lower margin, with the year date at lower right, and an anti-counterfeiting notice in smaller text at upper right.
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Belarus issued its first ruble-denominated notes in 1992 as the country transitioned away from Soviet-era currency following independence. The National Bank introduced this series — commonly called "zaichiki" (little hares) by the Belarusian public — while the Russian ruble was still nominally circulating alongside it, creating a brief and chaotic dual-currency period that complicated everyday commerce considerably.

Printed by the British firm Harrison and Sons, the series was designed quickly under tight timelines. Rampant inflation in the early post-Soviet years rendered the lower denominations, including this 25 ruble note, effectively worthless within a few years of issue.

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