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100 000 Roubles R.S.F.S.R.
| Issuer | People's Commissariat of Finance, Russian Soviet Federative Socialist Republic |
|---|---|
| Year | 1921 |
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| Value | Log in to see details |
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| Composition | Log in to see details |
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| In circulation to | 31 January 1923 |
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| Obverse description | Log in to see details |
|---|---|
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| Reverse description | The reverse is printed entirely in red on a beige paper ground and consists of an elaborate cartouche with ornamental scrollwork and foliate flourishes set within a dense guilloche field. The large numeral '100000' occupies the upper portion of the cartouche in bold block lettering, while the Cyrillic word 'РУБЛЕЙ' is set below in a matching decorative typeface. Geometric corner ornaments in a swastika-derived folk motif anchor each corner of the outer rectangular border. |
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| Protection type | Watermark |
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| Comments |
By 1921, Soviet monetary policy was in open collapse. The R.S.F.S.R. had been printing notes in denominations that would have been unthinkable three years earlier, and the 100,000-rouble note — worth a fraction of a pre-war kopek in real purchasing power — was a direct product of the hyperinflationary spiral that preceded the NEP stabilization. The People's Commissariat of Finance issued it not as a functional store of value but as a transaction medium for a command economy that had essentially abandoned the concept.
The print run of just over 12 million is relatively modest for the period, suggesting it entered circulation late in the inflation cycle, when even larger denominations were already being prepared. Thin beige paper with watermark was the norm for Soviet issues of this moment — functional, not archival.