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| Issuer | National Bank of the Republic of Tajikistan |
|---|---|
| Year | 1994 |
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| Value | 500 Roubles (500 TJR) |
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| Obverse description | The national coat of arms of Tajikistan occupies the left-center field within an octagonal intaglio vignette, surrounded by intricate guilloche lacework on a pink and cream underprint. Denomination numerals "500" appear in large letterpress at upper left and lower left corners, with an additional value medallion at lower right enclosed in a scalloped guilloche cartouche. The date "1994" is printed in red at the lower right margin. |
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| Obverse lettering | БОНКИ МИЛЛИИ ҶУМҲУРИИ ТОҶИКИСТОН 500 ПАНҶСАД РУБЛ 1994 (Translation: National Bank of the Republic of Tajikistan, Five Hundred Rubles, 1994) |
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| Comments |
Tajikistan's 1994 banknote series — of which this is the highest denomination — was issued during a period of acute monetary instability following the collapse of the Soviet ruble zone. The country had been using Russian rubles as late as 1994, and the introduction of the Tajikistani ruble that year coincided with an ongoing civil war that had begun in 1992. Hyperinflation rendered high denominations like this one functionally inadequate almost immediately after issue.
The series was printed by Goznak, the Russian state printing enterprise, an arrangement reflecting Tajikistan's continued economic dependency on Moscow even as it established nominal monetary independence.