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| Issuer | Russian Socialist Federative Soviet Republic (RSFSR) |
|---|---|
| Year | 1922 |
| Type | Standard circulation banknote |
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| Obverse description | The upper portion of the note is dominated by a stamp-like vignette within a decorative frame, with the RSFSR state emblem — hammer and sickle surmounted by wheat ears — at the top centre above a large bold numeral '1' over a fine guilloche underprint. Below, the denomination 'РУБ.' is printed in dark brown lettering. A lower panel carries the issuer inscription in Cyrillic across three lines, followed by the date, and a bottom bar bears the anti-counterfeiting warning in smaller type. |
|---|---|
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| Reverse description | The reverse is plain, covered entirely by a repetitive geometric guilloche pattern in pale beige and cream tones, without any text, vignette, or denomination inscription. |
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| Comments |
The 1922 RSFSR 1 Rouble belongs to a brief window when Soviet monetary policy was in open contradiction with itself. The State Bank had been abolished in 1918 as incompatible with communist doctrine, yet runaway inflation forced the Bolsheviks to reconstitute it in October 1921 — this note is a direct product of that reversal. The 1922 series was part of a first redenomination attempt, with one new rouble replacing 10,000 of the Sovznaks that had hemorrhaged value throughout the civil war years.
A second, more drastic redenomination followed in 1923, making this issue obsolete within roughly twelve months of printing.