25 Rubles (Russian Ministries) – Russian Federation
Non-circulating coins
Commemoration: 200th Anniversary of Russian Ministries
Russia
Context
Year: 2002
Country: Russia 
Issuer: Russian Federation
Period:
(since 1991)
Currency:
(since 1998)
Total mintage: 1,500
Material
References
Value
Exchange value: 25 RUB
Bullion value: $438.99
Inflation-adjusted value: 212.70 RUB
Obverse
Description:
Center: Bank of Russia emblem (two-headed eagle, wings down, with "БАНК РОССИИ" below). It is framed by dots and a rim inscription: top - "ДВАДЦАТЬ ПЯТЬ РУБЛЕЙ", bottom - "2002". Left: metal and fineness. Right: fine metal content and mint mark.
Inscription:
ДВАДЦАТЬ ПЯТЬ РУБЛЕЙ
БАНК РОССИИ
• Ag 900 • 2002 г. • 155,5 ММД •
БАНК РОССИИ
• Ag 900 • 2002 г. • 155,5 ММД •
Translation:
TWENTY FIVE RUBLES
BANK OF RUSSIA
• Ag 900 • 2002 • 155.5 MMD •
BANK OF RUSSIA
• Ag 900 • 2002 • 155.5 MMD •
Script: Cyrillic
Language: Russian
Designer and engraver: Alexander Vasilyevich Baklanov
Reverse
Description:
Left: portrait of Alexander I with his signature. Right: Imperial coat of arms. Center: the Manifesto "On the Establishment of Ministries" listing the eight ministries and dated September 8, 1802. Rim inscription: "200th Anniversary of the Founding of the Ministries in Russia."
Inscription:
200-ЛЕТИЕ ОБРАЗОВАНИЯ В РОССИИ МИНИСТЕРСТВ
МАНИФЕСТЬ
"ОБЪ УЧРЕЖДЕНIИ
МИНИСТЕРСТВЪ".
...СIИ СУТЬ
СЛѢДУЮЩIЯ:
1. ВОЕННЫХЪ
СУХОПУТНЫХЪ,
2. МОРСКИХЪ СИЛЪ,
3. ИНОСТРАННЫХЪ ДѢЛЪ, ...
4. ЮСТИЦIИ; 5. ВНУТРЕННИХЪ ДѢЛЪ;
6. ФИНАНСОВЪ, 7. КОММЕРЦIИ, И
8. НАРОДНАГО ПРОСВѢЩЕНIЯ
8 сентября 1802г.
МАНИФЕСТЬ
"ОБЪ УЧРЕЖДЕНIИ
МИНИСТЕРСТВЪ".
...СIИ СУТЬ
СЛѢДУЮЩIЯ:
1. ВОЕННЫХЪ
СУХОПУТНЫХЪ,
2. МОРСКИХЪ СИЛЪ,
3. ИНОСТРАННЫХЪ ДѢЛЪ, ...
4. ЮСТИЦIИ; 5. ВНУТРЕННИХЪ ДѢЛЪ;
6. ФИНАНСОВЪ, 7. КОММЕРЦIИ, И
8. НАРОДНАГО ПРОСВѢЩЕНIЯ
8 сентября 1802г.
Translation:
BICENTENNIAL OF THE ESTABLISHMENT OF MINISTRIES IN RUSSIA
MANIFESTO
"ON THE ESTABLISHMENT
OF MINISTRIES".
...THESE ARE THE
FOLLOWING:
1. OF MILITARY
LAND FORCES,
2. OF NAVAL FORCES,
3. OF FOREIGN AFFAIRS, ...
4. OF JUSTICE; 5. OF INTERNAL AFFAIRS;
6. OF FINANCES, 7. OF COMMERCE, AND
8. OF PUBLIC EDUCATION
September 8, 1802
MANIFESTO
"ON THE ESTABLISHMENT
OF MINISTRIES".
...THESE ARE THE
FOLLOWING:
1. OF MILITARY
LAND FORCES,
2. OF NAVAL FORCES,
3. OF FOREIGN AFFAIRS, ...
4. OF JUSTICE; 5. OF INTERNAL AFFAIRS;
6. OF FINANCES, 7. OF COMMERCE, AND
8. OF PUBLIC EDUCATION
September 8, 1802
Scripts: Cyrillic, Cyrillic (cursive)
Language: Russian
Engraver: Alexander Sergeevich Khazov
Designer: Alexander Vasilyevich Baklanov
Edge
252 corrugations
Categories
| Person> Monarch |
| Symbols> Coat of Arms |
Mints
| Name | Mark |
|---|---|
| Moscow Mint | (ММД) |
Mintings
| Year | Mint Mark | Mintage | Quality | Collection |
|---|---|---|---|---|
| 2002 | ММД | 1,500 | Proof |
Historical background
In 2002, the Russian Federation was in a period of relative monetary stability, a stark contrast to the crises that defined the preceding decade. The Russian ruble (RUB) had been successfully redenominated in 1998, removing three zeros, but was immediately challenged by the devastating financial crisis and default of that same year. By 2002, the economy was in a strong recovery phase, buoyed by a significant devaluation that boosted domestic industry and, most importantly, a sustained rise in global oil prices. This influx of hydrocarbon revenues allowed the Central Bank of Russia (CBR) to build foreign exchange reserves and exert greater control over the currency's value.
The monetary policy framework was explicitly focused on maintaining a stable and predictable exchange rate against the US dollar, operating a de facto crawling peg. The CBR's primary goal was to curb inflation and prevent excessive ruble appreciation, which could harm the competitiveness of non-oil exports. To achieve this, the CBR actively intervened in the foreign exchange market, purchasing surplus dollars from exporters and accumulating reserves, which grew steadily throughout the year. This managed float successfully kept the ruble within a narrow trading band, fostering macroeconomic stability and rebuilding public trust in the national currency after the traumas of the 1990s.
However, this stability was underpinned by a dependence on volatile commodity markets, highlighting an unresolved structural vulnerability. The government was running budget surpluses and beginning to discuss the creation of a stabilization fund to insulate the economy from future oil price shocks—a policy that would later materialize. While 2002 was marked by calm, it was a calm engineered by favorable external conditions and administrative control, rather than a deep, institutional transformation of the financial system. The period solidified a model where ruble stability and federal budgets became directly linked to the global price of oil.
The monetary policy framework was explicitly focused on maintaining a stable and predictable exchange rate against the US dollar, operating a de facto crawling peg. The CBR's primary goal was to curb inflation and prevent excessive ruble appreciation, which could harm the competitiveness of non-oil exports. To achieve this, the CBR actively intervened in the foreign exchange market, purchasing surplus dollars from exporters and accumulating reserves, which grew steadily throughout the year. This managed float successfully kept the ruble within a narrow trading band, fostering macroeconomic stability and rebuilding public trust in the national currency after the traumas of the 1990s.
However, this stability was underpinned by a dependence on volatile commodity markets, highlighting an unresolved structural vulnerability. The government was running budget surpluses and beginning to discuss the creation of a stabilization fund to insulate the economy from future oil price shocks—a policy that would later materialize. While 2002 was marked by calm, it was a calm engineered by favorable external conditions and administrative control, rather than a deep, institutional transformation of the financial system. The period solidified a model where ruble stability and federal budgets became directly linked to the global price of oil.
✨ Legendary