25 Roubles 'Bendery Printing House 'Polygraphist'

Pridnestrovie — the unrecognized breakaway state wedged between Moldova and Ukraine — has operated its own currency since 1994, backed by no international body and accepted nowhere outside its own territory. The Bendery Printing House, known locally as Polygraphist, has been the source of the region's banknotes and official documents since the Soviet collapse, making it one of the few facilities in the world that prints money for a state unrecognized by the UN. A coin commemorating that institution is, in its way, a government honoring the machinery of its own contested existence.