In the 1980s, many people in the Soviet Union were unhappy with their government. The government was too centralized and unresponsive to the needs of its people. In 1989, there was a wave of protests across member countries to put pressure on the leaders at the top. Gorbachev was trying to bring freedom to the Soviet Union by introducing new policies however, the Soviet Union fell apart suddenly when one republic after another declared independence. Read along to learn about the Russia 5 Rubles banknote that has been recently reissued.

Baltic Way Human Chain Protests, 1989 | Source: Wikipedia

The Soviet Ruble

The Soviet Ruble was in circulation before the introduction of the Russian Ruble. The denominations from the final series ranged from 1, 3, 5, 10, 25, 50, 100, 200, 500, 1000 Rubles. They were bright and colorful, and they featured landmarks as well as a portrait of Valdimir Lenin.

Russia (USSR) 1 Ruble | 1961 | Source: Banknote World

In 1992 after the fall of the Soviet Union, Russia introduced its own new currency, the Russian Ruble this was a quick replacement of the Soviet Ruble. They still had a very similar appearance to the Soviet Ruble but, with new text that did not mention the Soviet Union. Around this time former USSR members began to adopt their own independent currencies as well.

Russia 50-1,000 Rubles 4 Pieces Banknote Set | 1992 | Source: Banknote World

On January 1, 1998 a fresh new Russian Ruble banknote family was introduced. This is known as the second Ruble and it’s what the country uses today. The banknotes have a date of 1997 and initially ranged from 5, 10, 50, 100, 500 Rubles. As inflation in the country grew, larger denominations such as the 1000 and 5000 Rubles were introduced. New mid tier denominations such as 200 and 2000 Rubles were also introduced later down the road. However at the same time smaller denominations began to get phased out due to inflation in the country. The 5 Ruble was the first to get discontinued by the Russian Central Bank because inflation, this happened in 2001.

Russian Rubles Banknote Family | Source: AS

The Russia 5 Rubles

Towards the end of 2022 the Central Bank of Russia reissued the 5 Rubles banknote. The new banknote still bears the 1997 date but, the way to distinguish it from previous years is with a ч symbol in the beginning of the prefix. The banknote is still colored in shades of green, red and white. The obverse side features an image of the Millennium of Russia monument as well as the Sophia Cathedral of Novgorod. In the upper left hand corner you can also find the Bank of Russia coat of arms. The reverse side features an image of the fortress wall of the Nizhny Novgorod Kremlin. What do you think of the reissue of the Russia 5 Rubles banknote?

Russia 5 Rubles | 1997 (2022 ND) | Source: Banknote World

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