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10 000 Roubles Short term certificate
| Issuer | Narodny Komissariat Finansov (People's Commissariat of Finance), RSFSR |
|---|---|
| Year | 1922 |
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| Composition | Paper |
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| Obverse lettering | Серия АА. Руб. 10,000. Обязательство Российской Социалистической Федеративной Советской Республики. Пред'явителю сего уплачивается десять тысяч рублей денежными знаками образца 1922 г. (или сто тысяч рублей расчётными знаками предыдущих выпусков) во всех Кассах Народного Комиссариата Финансов, Губфинотделов, Уфинотделов и Государственного Банка Р.С.Ф.С.Р. Народный Комиссар Финансов Заведующий отделом денежн. и расчетн. знаков Главный Бухгалтер 1922 г. |
| Reverse description | The reverse is plain unprinted paper, showing only the texture of the stock and faint fold lines from circulation, with no vignette, text, or ornamental device. Faint manuscript notations and a partial ink impression from the obverse are visible due to the thinness of the paper. |
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| Comments |
The short-term certificates (kratkosrochnye obyazatelstva) of 1922 occupied an awkward position in Soviet monetary theory — technically interest-bearing state obligations rather than currency, yet pressed into circulation as a substitute for banknotes during the catastrophic inflation that was consuming the sovznak series. The RSFSR was printing money faster than it could be spent, and these instruments were one of several improvised tools deployed before the chervonets reform stabilized things in late 1922.
Pick 124 is one of the higher denominations in this certificate series, which itself reflects how rapidly nominal values had become meaningless. By mid-1922, a single tram fare in Moscow required thousands of roubles.