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Background
Information
Having declared
independence from the Republic
of Moldova, and
following the break-up of the
USSR in 1992, Pridnestrovie
established its own currency,
the PMR Ruble, but did not print its own banknotes.
Instead, the existing USSR
Ruble banknotes, already in
circulation, continued to be used
as legal tender locally.
Thus, Pridnestrovie became the
only territory in the former
Soviet block to continue to
accept the old USSR Ruble as
legitimate currency. This
resulted in a huge influx of
USSR Rubles into the tiny
economy, from people all over the
former Soviet Union, in an
attempt to rescue their savings
and investments.
In an effort to
protect the local economy from
hyper-inflation and inevitable
collapse, the "General Suvorov"
fiscal stamps were attached to
the banknotes to differentiate PMR
Rubles from old USSR Rubles.
The face value of the fiscal
stamp represents the value of
the banknote. So, a 5 Ruble
banknote with a 5,000 stamp
attached was actually worth
5,000 PMR Rubles.
Large numbers of
these fiscal stamps were
produced and, from 2002 onwards,
have been surcharged for use as
postage stamps.
Click here for details.
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