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1 Rouble Administration of Economic Enterprises

Issuer Administration of Economic Enterprises of VUTsIK (ВУЦИК)
Year 1923
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Reference(s) P#S299
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Obverse lettering УПРАВЛЕНИЕ ХОЗЯЙСТВА. ПРЕДПРИЯТИЯМИ ВУЦИК.
РАСЧЕТНАЯ БОНА №
ОДИН РУБЛЬ
ЧЕРВОННЫХ по официальному курсу.
Действительна по 1-е октября 1924 года.
Секретарь ВУЦИК-а
Главный Бухгалтер
Серия № 01.
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Reverse lettering Зол. 1 Руб.
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Comments

VUTsIK — the All-Ukrainian Central Executive Committee — issued this note through its Administration of Economic Enterprises as a form of surrogate currency during the early Soviet period when the Ukrainian SSR's monetary system was still being consolidated into the broader Soviet framework. These enterprise-issued notes occupied a legal grey zone: not state money in the strict sense, but accepted within specific institutional networks at a time when commodity exchange and barter were still commonplace alongside official currency.

The Pick S-prefix placement is telling. This belongs to the Soviet-era Ukrainian notgeld category — local necessity money, not central bank issue.

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