1 Rouble - Perforated North Russia - Chaikovskiy Government

The Supreme Administration of the Northern Region — the Chaikovskiy Government, backed by Allied intervention forces at Arkhangelsk — issued this note as part of a parallel currency system operating alongside both Tsarist-era roubles and Allied military scrip. The perforation is a post-issue modification, applied to distinguish notes authorized for a specific territory or transaction type, a practice common among Northern Region issues when supply and political authority were both fragmentary.

The government itself collapsed in 1920 when Allied troops withdrew, and unspent notes were largely abandoned rather than formally redeemed. Perforated examples saw real circulation under genuinely chaotic conditions.