Unissued money of 1990-s

[21.04.2020 22:36:35]

1990-s turned to be tough period for the Russian economics.

The ticket of the Bank of Russia with the nominal value of 100000 rubles of 1993 wasn’t issued.

If in 1961 - 1991 the largest face value in the USSR was 100-ruble banknote, then in 1991 - 1992 due to inflation 200-, 500-, 1000-ruble banknotes were issued. These banknotes had Soviet symbols - the national emblem of the USSR and the portrait of Vladimir Lenin.

Already in 1992 the first banknotes of the new Russia – 5 000 and 10 000 rubles tickets of the Bank of Russia - appeared. In summer of 1993, the old issues of banknotes from 1961 to 1992 were exchanged for new ones. Bank of Russia tickets in denominations of 100, 200, 500, 1000, 5000, 10000 and 50000 rubles were issued. The increase in banknote denominations barely kept pace with inflation. While on January 1, 1992 the average salary in Russia was 1438 rubles, on January 1, 1994 it was 134200, and a year later - 302600 rubles. It became obvious that we needed banknotes of a bigger denomination – that is how 100 000 rubles could have been issued.

Finally in 1995 new series of Russian banknotes was approved. These were the first banknotes of the "city series" - depicting the sights of Russian cities - Vladivostok, Novgorod, Krasnoyarsk, St. Petersburg and Moscow. The development of these banknotes began even earlier. The "History of Money" exhibition has their sketches dated 1993 - 1994. In 1997 three zeros disappeared from the banknotes, but their design has not changed much. They are still in circulation today.