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This uncirculated 50 Russian biletov note is an investment certificate issued by the MMM Corporation (a Ponzi scheme company) in 1994. It is an orange note that measures 152 mm x 69 mm. Its obverse side shows the denomination and the portrait of the MMM Corporation founder, Sergei Mavrodi. Its reverse side depicts the MMM Corporation logo. Though the note does not have a security thread, it has a watermark with scattered lettering. The details of this note have been verified and TAP Authenticated by Banknote World experts.