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1 Kopek Chechnya
| Issuer | Grozneft (Grozny Oil Trust) |
|---|---|
| Year | 1922 |
| Type | Vouchers |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | ГРОЗНЕФТЬ 1 коп. 1 КОП. ПОДДЕЛКА ПРЕСЛЕДУЕТСЯ ЗАКОНОМ. |
| Reverse description | The reverse carries a large bold Cyrillic numeral '1' at right and the word КОПЕЙКА in decorative letterpress across the centre. A circular official seal of the Grozny Central Oil Supply Directorate with hammer-and-sickle device is centred at top, flanked by the year '1922 г.' repeated at each upper corner. The lower margin reads РАСЧЕТНЫЙ ОРДЕР over a light underprint. |
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| Comments |
Grozneft — the Grozny Oil Trust — issued these fractional notes in 1922 as surrogate currency to pay its own workers when Soviet monetary chaos made orthodox wage payment nearly impossible. The early NEP period had gutted confidence in central currency, and major industrial enterprises across the Caucasus resorted to issuing their own scrip redeemable against trust accounts rather than hard coin nobody could source.
These oil-sector chits are genuinely uncommon today. Most were either spent locally and worn to destruction or voided when the Soviet monetary reform of 1924 absorbed enterprise scrip into the new chervonets system.