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10 Roubles 1947

Issuer State Bank of the USSR (Gosbank)
Year 1947
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In circulation to 1 April 1961
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Reverse description An intaglio portrait vignette of Vladimir Ilyich Ulyanov (Lenin) occupies the left portion of the note, rendered in fine line engraving with strong tonal contrast. To the right, a large numeral '10' and the inscription 'РУБЛЕЙ' are set within an elaborate guilloche cartouche framed by foliate scrollwork, with a hammer-and-sickle device and the abbreviation 'СССР' in a separate panel above. The denomination 'ДЕСЯТЬ РУБЛЕЙ' appears in bold letterpress along the lower left margin.
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Protection type Watermark
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The 1947 Soviet currency reform was punitive by design. Announced with only one week's exchange window, it was explicitly structured to wipe out savings accumulated outside the state banking system — wartime black market profits, hoarded cash, anything held under mattresses. Citizens could exchange old notes for new at a 10:1 ratio up to 3,000 roubles; larger sums faced progressively worse rates. Cooperative farm workers, who had less access to savings accounts than urban workers, were disproportionately hit.

Pick 225 is the low-denomination anchor of that reform issue, produced at Goznak's Moscow facility. The watermark is the primary security feature — modest for the period, but sufficient given the note's short intended lifespan before the next revaluation came in 1961.

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