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10 Roubles Yermak Ferroalloy Factory

Issuer Yermak Ferroalloy Factory
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Value 10 Roubles (10 SUR)
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Obverse description The obverse is dominated by a large central guilloche underprint in warm ochre and brown tones, against which the bold numeral "10" is printed in dark brown intaglio-style lettering. The Cyrillic denomination "ДЕСЯТЬ РУБЛЕЙ" runs across the lower portion of the central field, while the upper left carries the inscription "Многоразовый талон на сумму" in smaller serif lettering. A decorative rosette vignette with an interlaced monogram appears at upper right, and a second guilloche rosette bearing the numeral "10" is positioned at lower right. A red alphanumeric serial number is printed at the upper right margin.
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Reverse description The reverse is printed on a light beige ground with a fine guilloche wave pattern covering the entire field. The main text block in Cyrillic, set in a plain serif typeface, occupies the centre, stating the coupon's terms of acceptance. The numeral "10" appears in the upper right corner, while a large guilloche rosette with the numeral "10" at its centre is placed at the lower left. A small-print imprint line at the foot of the note records the Yugoslav printing facility.
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One of the more unusual artifacts of Russia's post-Soviet monetary chaos, this note is an enterprise scrip — a factory-issued surrogate currency that circulated among workers at the Yermak Ferroalloy Plant in Aksu, Kazakhstan when the ruble supply collapsed and payroll in real money became functionally impossible during the early 1990s. Hundreds of Soviet-era industrial enterprises across the former USSR resorted to similar instruments, but few had the resources to commission professionally printed scrip from a foreign state printing works.

That this particular note was produced by Yugoslavia's national banknote printing facility — Zavod za izradu novčanica in Topčider — speaks to the hard-currency desperation of the moment and the surprising commercial flexibility of that institution in its final years.