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1 Rouble
| Issuer | People's Commissariat of Finance of the USSR |
|---|---|
| Year | 1934 |
| Type | Standard circulation banknote |
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| Obverse description | The State Coat of Arms of the USSR at upper centre, flanked by intricate guilloche underprint panels. The central text panel carries the title ГОСУДАРСТВЕННЫЙ КАЗНАЧЕЙСКИЙ БИЛЕТ С.С.С.Р. and the denomination ОДИН РУБЛЬ, with a block of regulatory text below. Marginal inscriptions in multiple Union republic languages appear in the side panels, with the date 1934 and a facsimile signature of the People's Commissar of Finance printed beneath the central text. |
|---|---|
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| Reverse description | The reverse is printed in brown on an unprinted paper ground and composed entirely of finely engraved guilloche lacework. A large ornate cartouche occupies the centre, within which the bold numeral 1 is set against a lathe-work background. Two rectangular panels with stepped borders flank the central cartouche, all surrounded by continuous engine-turned scrollwork that fills the entire field. |
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| Comments |
The 1934 Soviet rouble series marked a quiet but deliberate shift away from the worker-and-peasant iconography that had dominated earlier Soviet paper money. This was the period immediately following the abolition of the gold-backed chervonets system's practical convertibility — the notes issued from 1934 onward were fully inconvertible state treasury notes, not bank notes in any technical sense, which is why the People's Commissariat of Finance rather than Gosbank appears as issuer.
P#207 is among the smaller-denomination notes of the series and survives in reasonable numbers, though examples with sharp corners are less common than the worn survivors — heavy domestic use was the norm in a cash-dependent economy with limited banking infrastructure at the retail level.