5 Roubles

Transnistria's 1994 note series was the breakaway republic's second attempt at a functional currency after its 1992 coupon issues proved inadequate. The Republican Bank printed these domestically — a deliberate political statement by a territory that had declared independence from Moldova in 1990 but remained unrecognized by any United Nations member state, a situation unchanged to this day.

Watermarking on the 1994 issues is noticeably cruder than contemporary Soviet successor states managed, reflecting the constraints of printing infrastructure in a narrow strip of land dependent on Russian political and economic support for its survival.