Time Period: 1994-2000

Currency: 1st Transnistrian Ruble


Timeline

  • 22.12.1992
  • Parliamentary resolution [No. 273] on the establishment of the Transnistrian Republican Bank; effective 01.01.1993
    - 21.12.1993: Banking law [No. 4]; effective immediately
  • 22.12.1992
  • Parliamentary resolution [No. 372] on the continued validity of Soviet and Russian banknotes in Transnistria (the Soviet banknotes had been demonetized in Russia on 25.07.1993); effective immediately
  • 09.12.1993
  • Parliamentary resolution [No. 419] on the protection of the Transnistrian currency system by marking the Soviet banknotes (demonetized everywere else); effective immediately
    - Soviet banknotes were marked with an adhesive stamp with denomination and a portrait of Alexander Suvorov.
  • 14.01.1994
  • Government decree [No. 19RP] on the demonetization of the unmarked Soviet banknotes; effective immediately (?)
  • 30.06.1994
  • Presidential decree [No. 152] on the creation of the Transnistrian Ruble as sole legal tender; effective 01.07.1994
  • 17.08.1994
  • Parliamentary resolution [No. 532] on the issuance of Transnistrian paper money; effective 22.08.1994
  • 22.08.1994
  • Start of currency exchange:
    - 22.08.1994: Start of issuance of the new banknotes
    - 30.09.1994: Demonetization of the Russian and (marked) Soviet banknotes.

Valuation Regimes

  • 1994-1998
  • Variable rate, highly inflationary
  • 1999
  • Fixed rate against US Dollar
  • 2000
  • Variable rate

Rate Arrangements

  • 01.07.1994
  • Variable
  • initially: Russian Ruble (1992) at 1 : 100
  • ±0.0%
  • 01.01.1999
  • Fixed
  • US Dollar at 1 : 1'120'000
  • -
  • 01.01.2000
  • Variable
  • initially: US Dollar at 1 : 3'842'000
  • -70.8%


Time Period: 2001-

Currency: 2nd Transnistrian Ruble


Timeline

  • 24.10.2000
  • Pesidential decree [No. 534] on the currency revaluation; effective 01.01.2001:
    - 25.10.2000: Pesidential decree [No. 535] on the changeover; effective 01.01.2001
  • 01.01.2001
  • Start of currency exchange:
    - 01.01.2001: Start of issuance of the new banknotes and coins
    - 31.12.2001: Demonetization of the former currency.

Valuation Regimes

  • 2001-
  • Variable rate (since 05.04.2018 de facto fixed against US Dollar)

Rate Arrangements

  • 01.01.2001
  • Variable
  • initially: US Dollar at 1 : 5.40
  • ±0.0%


End-year Forex Rates (Units per US Dollar)