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50 Roubles

Issuer National Bank of the Republic of Belarus
Year 1992
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Size 105 × 53 mm
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Reverse description The central vignette presents the Pahonia — the historic mounted knight emblem of Belarus — rendered within an ornate multicolour guilloche medallion of interlocking floral and oval forms in violet and red. The denomination numeral "50" appears in red on both flanking sides of the central medallion. A two-line Belarusian inscription runs along the lower margin, with the year "1992" at lower right, and an anti-counterfeiting warning in small text at upper right.
Reverse lettering ПАДРОБКА РАЗЛІКОВЫХ БІЛЕТАЎ НАЦЫЯНАЛЬНАГА БАНКА БЕЛАРУСІ ПРАСЛЕДУЕЦЦА ПА ЗАКОНУ
РАЗЛІКОВЫ БІЛЕТ НАЦЫЯНАЛЬНАГА БАНКА БЕЛАРУСІ
50
1992
(Translation: Forgery of banknotes of the National Bank of Belarus is prosecuted by law. Payment ticket of the National Bank of Belarus.)
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Belarus issued its first post-Soviet rouble series in 1992 as a transitional currency — initially called the Belarusian rouble but circulating alongside, then replacing, Soviet roubles still in local use. Inflation moved fast; this 50-rouble note, meaningful at issue, was effectively worthless within two years as the country experienced some of the worst hyperinflation among the former Soviet republics.

The series was printed with minimal security — a single watermark being the only counterfeit deterrent on most denominations. By 1994 the government was issuing notes in the hundreds of thousands of roubles.