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PMG 67 EPQ 10 ruble (1994) overprinted as 100,000 rubles (1996), Transnistria (Pick#31)

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Overprinted 100,000 rubles overprinted on 10 ruble (1994). With a double date - the original 1994 and the new 1996), re-denominated as 100000 rubles. PMG graded 67 EPQ (superb gem uncirculated). Pick#31.

In Transnistria, the Transnistrian ruble experienced severe inflation in the 1990s, leading the authorities to increase denominations on existing banknotes rather than immediately print new ones. One notable example is the 10 ruble note originally issued in 1994, which was overprinted in 1996 with new text and numerals to change its face value to 100 000 rubles. This overprint was done by Goznak in Russia for the Transnistrian Republican Bank to meet demand for higher-value notes amid inflation, and the overprint appears on both the front and back, replacing the original denomination markings. 

Transnistria, officially the Pridnestrovian Moldavian Republic, is a breakaway state in eastern Europe located along the Dniestr River, between Moldova and Ukraine. It emerged during the collapse of the Soviet Union, declaring independence from Moldova in 1990 amid fears among its largely Russian- and Ukrainian-speaking population of Moldovan nationalism and possible unification with Romania. After a brief but violent war in 1992, Transnistria became a de facto independent entity, supported militarily and economically by Russia, though it remains internationally unrecognized and is legally considered part of Moldova. It maintains its own government, military, currency, and institutions, functioning as a frozen-conflict state in post-Soviet geopolitics.


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