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5000 Roubles Privatization voucher

Issuer Republic of Belarus
Year 1992
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Shape Rectangular
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Obverse lettering ДЗЯРЖАЎНЫ ПРЫВАТЫЗАЦЫЙНЫ ЧЭК "ЖЫЛЛЁ"
РЭСПУБЛІКА БЕЛАРУСЬ
5000 РУБЛЁЎ
(Translation: STATE PRIVATIZATION VOUCHER "HOUSING"
REPUBLIC OF BELARUS
5000 RUBLES)
Reverse description The reverse carries a composite architectural vignette contrasting historic and contemporary urban building facades as a background underprint. The body of the note is occupied by a numbered list of three articles in Belarusian Cyrillic text setting out the legal terms governing use of the privatization voucher, with the imprint of the State Printing House of Belarus and the year 1992 at the foot.
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Comments

Belarus issued privatization vouchers in 1992 as part of its post-Soviet transition, distributing them to citizens to allow participation in the sell-off of state enterprises. The program largely failed in its stated objectives — most holders had little meaningful access to the privatization auctions they were theoretically entitled to enter, and the vouchers were frequently sold for cash at steep discounts almost immediately after distribution.

Printed domestically by Dziarzhznak rather than one of the established Western security printers, the note reflects both the urgency of the moment and the limited hard currency available to the new Belarusian government in its first year of independence.

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