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| 正面描述 | Dark brown on brown and red underprint with swastika guilloche pattern at centre. The face bears the title ГОСУДАРСТВЕННЫЙ КРЕДИТНЫЙ БИЛЕТЪ (State Credit Note) in bold letterpress at top, with the denomination ДЕСЯТЬ ТЫСЯЧЪ РУБЛЕЙ (Ten Thousand Roubles) displayed prominently in large numerals flanked by ornate scrollwork vignettes. Two manuscript signatures appear below a brief redemption text, with the serial number and date 1918 completing the design within a fine geometric border. |
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| 背面铭文 | 10000 РУБЛЕЙ ПОДДЕЛКА КРЕДИТНЫХЪ БИЛЕТОВЪ ПРЕСЛЕДУЕТСЯ ПО ЗАКОНУ |
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The Russian State Bank's 1918 high-denomination issues emerged from genuine institutional collapse. By mid-1918, the Bolshevik government was printing at extraordinary volume to cover expenditures it could not fund by taxation or borrowing — the 10,000 Rouble note was a direct consequence of inflation that had been accelerating since 1916 and went essentially unchecked after the October Revolution. The State Bank itself was nationalized in December 1917, reducing it to a printing arm of the new government rather than a functioning central bank.
The series was printed domestically, as pre-war reliance on foreign printers — particularly the American Bank Note Company for earlier Imperial issues — had become impossible under wartime and then revolutionary conditions.