25 Rubles XXXIII Summer Olympic Games in Paris

Transnistria — internationally unrecognized, sandwiched between Moldova and Ukraine, and operating under a monetary system accepted nowhere outside its own borders — has issued Olympic commemoratives for decades, a practice that underscores the peculiar gap between numismatic ambition and political reality. The Paris 2024 games gave no official licensing rights to the Transnistrian Republican Bank, meaning this piece exists entirely outside the IOC's sanctioned commemorative program.