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500 000 Roubles

Issuer Bank of Russia
Year 1995
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Printer Goznak, Moscow
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Obverse lettering 500 000 БИЛЕТ БАНКА РОССИИ АРХАНГЕЛЬСК ПЯТЬСОТ ТЫСЯЧ РУБЛЕЙ ПОДДЕЛКА БИЛЕТОВ БАНКА РОССИ ПРЕСЛЕДУЕТСЯ ПО ЗАКОНУ
(Translation: Banknote of the Bank of Russia, Arkhangelsk, Five Hundred Thousand Roubles, Forgery of banknotes of the Bank of Russia is prosecuted by law)
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Reverse lettering 500 000 ПЯТЬСОТ ТЫСЯЧ РУБЛЕЙ 1995
(Translation: Five Hundred Thousand Roubles)
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The 500,000-rouble note was a direct consequence of Russia's hyperinflationary spiral in the early 1990s, during which the rouble lost the overwhelming majority of its purchasing power. By 1995, denominations that would have been unimaginable a decade earlier were routine. This note represented roughly $100 USD at mid-1995 exchange rates — a figure that continued to slide.

The 1997 redenomination made it obsolete almost immediately: one new rouble replaced one thousand old ones, rendering the 500,000 worth fifty kopeks on paper.

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