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10 Chervontsev

Issuer State Bank of the RSFSR (Государственный Банк РСФСР)
Year 1922
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Value 10 Chervontsev = 100 Roubles
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Obverse description The upper centre carries the bold letterpress title БАНКОВЫЙ БИЛЕТ (Bank Note) surmounted by the RSFSR state emblem, with the denomination ДЕСЯТЬ ЧЕРВОНЦЕВ rendered in large decorative Cyrillic script below and the numeral 10 set within a dark ornamental cartouche at right. To the left, a large circular guilloche vignette encloses the Cyrillic monogram РСФСР within an ornate rosette underprint, flanked by vertical columns reading Государственный Банк (State Bank). The lower portion bears the year 1922, printed management signatures of the State Bank, and a bilingual text block confirming the gold-backing standard and redemption terms.
Obverse lettering БАНКОВЫЙ БИЛЕТ
ДЕСЯТЬ ЧЕРВОНЦЕВ
РСФСР
Государственный Банк
Один ЧЕРВОНЕЦ содержит 1 зол. 78,24 дол. ЧИСТОГО ЗОЛОТА.
Банковый билет подлежит размену на золото.
Начало размена устанавливается особым правительственным актом.
Банковые билеты обеспечиваются в полном размере золотом, драгоценными металлами, устойчивой иностранной валютой и прочими активами ГОСБАНКА.
Банковые билеты принимаются по их нарицательной цене в уплату государственных сборов и платежей, взимаемых по закону в золоте.
Правление Государственного Банка:
Бухгалтер
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Comments

The chervonets was introduced in late 1922 as the Soviet state's deliberate return to hard-currency credibility — backed in theory by gold and foreign exchange, it ran parallel to the collapsing sovznak rather than replacing it outright. The State Bank issued chervontsy notes specifically for wholesale commercial transactions, not everyday retail use. Ordinary workers rarely handled them.

The 10 Chervontsev denomination was the largest in the inaugural series. Printing was handled domestically under difficult postwar conditions, which accounts for the variable ink quality and paper consistency found across surviving examples of this type.

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