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10 Dollars 6% Obligation
| Issuer | Mongolian Government Treasury |
|---|---|
| Year | 1921 |
| 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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| In circulation to | 1925 |
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| Obverse description | Central vignette consists of a large circular guilloche ornament divided into four quadrants in blue, yellow, pink, and grey tones, set against a background of dense Mongolian script text printed in red. Serial numbers appear at upper left and upper right. Trilingual inscriptions in Mongolian traditional script, Russian Cyrillic, and English run along the lower portion, reading 'MONGOLIAN GOVERNMENT'S TREASURE / 6% PROVISIONARY OBLIGATION / 10 DOLLARS' and the Russian equivalent. A decorative border with ornamental corners frames the entire note. |
|---|---|
| Obverse lettering | ᠮᠣᠩᠭᠣᠯ ᠤᠯᠤᠰ ᠤᠨ ᠰᠠᠩ ᠠᠴᠠ ᠣᠯᠠᠨᠠ ᠡᠷᠭᠦᠭᠳᠡᠭᠰᠡᠨ ᠦ ᠠᠷᠪᠠᠨ ᠨᠢᠭᠡᠳᠦᠭᠡᠷ ᠣᠨ ᠠᠷᠪᠠᠨ ᠰᠠᠷᠠ ᠶᠢᠨ ᠬᠣᠷᠢᠨ ᠬᠦᠷᠲᠡᠯᠡ ᠬᠡᠮᠡᠬᠦ ᠬᠤᠭᠤᠴᠠᠭᠠ ᠪᠠᠷ ᠭᠠᠷᠭᠠᠭᠰᠠᠨ ᠪᠦᠭᠦᠳᠡ ᠨᠢᠭᠡᠨ ᠵᠠᠭᠤᠨ ᠬᠤᠪᠢ ᠠᠴᠠ ᠵᠢᠷᠭᠤᠭᠠᠨ ᠬᠤᠪ ᠤᠨ ᠬᠡᠦ ᠦᠷᠡᠵᠢᠭᠦᠯᠵᠦ ᠪᠦᠬᠦᠢ ᠪᠠᠭᠠ ᠪᠣᠯᠵᠣᠭᠠᠲᠤ ᠪᠠᠲᠤᠯᠠᠭᠠᠨ ᠤ ᠲᠡᠮᠳᠡᠭ᠃ ᠡᠨᠡᠬᠦ ᠪᠠᠲᠤᠯᠠᠭᠠᠨ ᠤ ᠲᠡᠮᠳᠡᠭ ᠢ ᠲᠤᠰᠢᠶᠠᠭᠰᠠᠨ ᠬᠦᠨᠳᠦ ᠤᠭ ᠲᠣᠭᠲᠠᠭᠰᠠᠨ ᠪᠣᠯᠵᠣᠭᠠ ᠰᠠᠩ ᠤᠨ ᠶᠠᠮᠤᠨ ᠠᠴᠠ ᠠᠷᠪᠠᠨ ᠶᠠᠩᠴᠢᠶᠠᠨ ᠤ ᠪᠡᠯᠡᠨ ᠮᠥᠩᠭᠥᠨ ᠦ ᠵᠦᠢᠯ ᠢ ᠭᠦᠢᠴᠡᠳᠭᠡᠨ ᠲᠥᠯᠮᠣᠢ᠃ ᠡᠭᠦᠨ ᠦ ᠲᠤᠯᠠ ᠭᠠᠷ ᠤᠨ ᠵᠢᠷᠤᠭ ᠲᠠᠯᠪᠢᠭᠰᠠᠨ ᠰᠠᠩ ᠤᠨ ᠶᠠᠮᠤᠨ ᠤ ᠲᠡᠷᠢᠭᠦᠨ ᠰᠠᠶᠢᠳ᠃ ᠰᠠᠩ ᠤᠨ ᠶᠠᠮᠤᠨ ᠤ ᠵᠦᠪᠳᠡᠬᠦ ᠲᠦᠰᠢᠮᠡᠯ᠃ ᠨᠡᠶᠢᠰᠯᠡᠯ ᠬᠦᠷᠢᠶᠡ᠃ ᠣᠯᠠᠨᠠ ᠡᠷᠭᠦᠭᠳᠡᠭᠰᠡᠨ ᠦ ᠠᠷᠪᠠᠨ ᠨᠢᠭᠡᠳᠦᠭᠡᠷ ᠣᠨ᠂ ᠳᠥᠷᠪᠡᠨ ᠰᠠᠷᠠ ᠶᠢᠨ ᠬᠣᠷᠢᠨ ᠅ MONGOLIAN GOVERNMENT'S TREASURE. 6 % PROVISIONARY OBLIGATION. 10 DOLLARS 6 % КРАТКОСРОЧНОЕ ОБЯЗАТЕЛЬСТВО МОНГОЛЬСКОЙ ГОСУДАРСТВЕННОЙ КАЗНЫ 10 ДОЛЛАРОВЪ |
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| Comments |
Mongolia's 1921 independence government faced an immediate practical problem: it had no functioning monetary infrastructure and no established currency. These Treasury obligations were denominated in dollars rather than any Mongolian unit precisely because the dollar carried credibility that a new and internationally unrecognized administration could not manufacture on its own. The 6% interest-bearing structure reflects an attempt to make the notes attractive as instruments of debt rather than simple currency — closer to a war bond than a banknote.
The American Bank Note Company contract is the most telling detail here. Engaging a New York printer required hard-currency payment arranged at considerable remove, almost certainly facilitated through Chinese or Russian intermediary channels during an extraordinarily turbulent moment in Mongolian political history.