The Republic of Tatarstan is a Russian republic of the Volga Federal District in Eastern Europe. It lies between the Volga River and the Kama River, surrounded by the Republic of Bashkortostan, the oblasts of Ulyanovsk, Samara, Orenburg, and Kirov, and the republics of Udmurt, Mari El, and Chuvash. A mix of cultures and traditions including Turkic, Russian-Slavic, and Finno-Ugric are present in the republic. With its inter-faith consent in place, Tatarstan has also kept the balance between Islam and Orthodox Christianity in addition to equality of all religions.
Tatarstan has a developed economy that mainly relies on the production of oil and functions so well within the Russian Federation economic system.
First Banknotes Of Tatarstan
Following Tatarstan’s declaration of independence on August 30, 1990, Russian rubles were flooding into the republic. The Russian rubles were used to buy commodities that were immediately exported. To protect its economy, the republic’s government issued Ruble Support Coupons. These coupons were crudely printed sheets and are also not considered legal but are used along with the rubles to pay for goods other than produce. In 1992, the government started issuing currency checks designed to improve the standard of living of low-income earners. These currency checks can be redeemed at selected shops and were only accepted as payment for food with no change in return. Featured on these mono-faced checks is the flag of Tatarstan to the left and the Suumbeky castle in Kazan to the right. Meanwhile, on the 1993 issues, the flag was replaced with the Tatar coat of arms.
In 1994, a new set of currency checks were released. The Suumbeky castled moved to the left, and to the right is a snake coiled around a glass. These notes were intended to offset the low-income recipient’s medical care expenses.
Notes issued between 1993 and 1995 bear a common design. On the obverse they feature the Kazan Kremlin building and also the national emblem while the reverse depicts different vignettes. Finally, the 1996 issues have all-new common designs highlighting the Kazan Kremlin building on the front. In addition to a woman with a sheaf of wheat on the back.