50 Kopek

Belarus issued this note as part of its inaugural series following independence from the Soviet Union, temporarily denominated in rublei equivalents using kopek subdivisions before the full transition to the Belarusian ruble was consolidated. The 1992 series represents the first sovereign paper currency the country had ever issued under its own central bank — not a transitional coupon, but a formal introductory emission.

Low-denomination notes in this series circulated hard and were discarded quickly as inflation rendered them effectively worthless within a few years of issue, making clean examples harder to locate than the higher values.