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1 Rouble Elisabetgrad

Issuer Elisavetgrad Branch of the State Bank
Year 1918
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Value 1 Rouble
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Obverse lettering ЕЛИСАВЕТГРАДСКОЕ ОТДЕЛ. ГОСУДАР. БАНКА
РАЗМЕННЫЙ БИЛЕТЪ
ОДИНЪ РУБЛЬ
ПОДДЕЛКА ПРЕСЛѢДУЕТСЯ ЗАКОНОМЪ
1918
Reverse description Uniform light ochre-brown print overall. A large Cyrillic numeral «1» occupies the left field, with the word РУБЛЬ inscribed vertically beside it. At centre, a circular guilloche medallion encloses the double-headed eagle vignette without crown. Flanking the medallion are symmetrical sprays of oak and laurel. To the right, a rectangular Cyrillic text panel reads the acceptance clause stating that all banks in the city of Elisavetgrad accept these exchange notes for any payment of any amount. The entire design is contained within a fine dotted guilloche border.
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Comments

Elisavetgrad — now Kropyvnytskyi in central Ukraine — briefly hosted one of several regional branches of the Russian State Bank that issued their own emergency scrip during the chaotic interregnum of 1918, when Bolshevik, Ukrainian People's Republic, and later White Army forces cycled through the city in rapid succession. The branch emissions were ad hoc responses to a complete breakdown in currency supply from Petrograd, not sanctioned monetary policy in any coherent sense.

P#S323 falls within a loosely documented series; surviving examples are relatively scarce given the short window of practical use before the issuing authority collapsed entirely.

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