100 000 Roubles Banque Nationale de Géorgie

Georgia's short-lived Democratic Republic had already fallen to Bolshevik forces in February 1921 by the time notes of this denomination entered circulation, meaning the National Bank was issuing currency under Soviet occupation while still nominally functioning under its pre-annexation institutional name. The 1922 dating places this squarely in the chaotic interregnum before the Transcaucasian Federation's own monetary apparatus took full control.

The P#S766 "S" prefix in Pick is telling — catalogued as a semi-official or provisional issue, reflecting genuine uncertainty about the issuing authority's legal standing at the moment of printing. Hyperinflationary pressures across the former Russian empire drove denominations into the hundreds of thousands almost overnight.