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| 背面描述 | Black on tan underprint. A large ornate monogram РУБЛЬ in decorative Cyrillic script occupies the left side within a stippled border panel. The denomination ОДИНЪ РУБЛЬ is inscribed in bold at upper centre, with the text ВЫПУЩЕНЪ СЪ РАЗРѢШЕНІЯ МѢСТНОЙ ВЛАСТИ centred below. A circular rosette bearing the date 1918 appears at right, and the note concludes with the exchange clause ПОДЛЕЖИТЪ ОБМѢНУ НА ГОСУДАРСТВЕННЫЕ КРЕДИТНЫЕ БИЛЕТЫ along the lower margin. |
| 背面铭文 | ОДИНЪ РУБЛЬ РУБЛЬ ВЫПУЩЕНЪ СЪ РАЗРѢШЕНІЯ МѢСТНОЙ ВЛАСТИ 1918 ПОДЛЕЖИТЪ ОБМѢНУ НА ГОСУДАРСТВЕННЫЕ КРЕДИТНЫЕ БИЛЕТЫ |
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The Orenburg Branch of the State Bank issued its own emergency fractional notes in 1918 as the civil war severed regular currency supply lines from Moscow and Petrograd. Orenburg was a contested city — it changed hands multiple times between Bolshevik and White forces between 1917 and 1919 — and locally issued scrip was an unavoidable practical measure rather than a political statement.
The S-prefix in the Pick reference places this firmly in the South Russia / Regional Issues catalog, alongside dozens of similarly desperate municipal and branch emissions from the same period. Many did not survive in quantity; circulation was short, redemption uncertain, and storage conditions poor during the subsequent decades of Soviet administration.