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1 Ruble 1992 Bond
| Issuer | Ministry of Finance of the Russian Federation |
|---|---|
| Year | 1992 |
| Type | Log in to see details |
| Value | Log in to see details |
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| Composition | Log in to see details |
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| Printer | Goznak (Гознак, Экспедиция заготовления государственных бумаг), Russian Federation (1818-date) |
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| Obverse description | Intricate guilloche underprint in blue and pink covers the entire field, with a central vignette of the Moscow Kremlin and St. Basil's Cathedral in dark brown intaglio. A faint double-headed eagle watermark-style underprint appears at left, with ornate rosette medallions at each corner. The denomination ONE RUBLE is inscribed in large Cyrillic letterpress below the vignette. |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | The reverse is printed predominantly in purple, bearing the full text of the conditions of the Russian Domestic Lottery Loan of 1992 in dense Cyrillic typography. The numeral "1" appears at the upper left in a small guilloche panel. The layout is text-only with no pictorial vignette. |
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| Comments |
These 1992 ruble bonds were issued as short-term state obligations during the chaotic early period of Russian economic reform, when the Ministry of Finance was attempting to mop up excess cash liquidity from the Soviet-era monetary overhang. Inflation was already destroying purchasing power faster than any nominal yield could compensate, which made them a losing proposition for ordinary holders almost immediately.
Goznak's Moscow facility had been producing state securities continuously since the Imperial period — the institutional lineage runs unbroken through the Soviet decades. The bonds were printed on the same security paper stock used for contemporary banknotes, which is why the paper characteristics closely resemble circulating currency of the same year.