10 Roubles Baku

Baku's brief period of self-administration in 1918 was an extraordinarily chaotic one. The city changed hands multiple times that year — from the Baku Commune (a Bolshevik-led entity that survived only until late July), to the Centro-Caspian Dictatorship backed by British forces, and finally to the Ottoman-supported Azerbaijan Democratic Republic in September. The Baku City Administration (Городская Управа) issued emergency fractional and low-denomination notes precisely because national and regional currency supplies had broken down entirely.

P#S724 falls into a category of provisional municipal issues that were never intended as permanent monetary instruments — they were stopgaps, printed under pressure with limited resources. The 1918 Baku municipal series is genuinely scarce in any condition, partly because circulation in a warzone tends to be destructive.