Catalog
100 Dollars 6% Obligation
| Issuer | Mongolian Government Treasury |
|---|---|
| Year | 1921 |
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| In circulation to | 1925 |
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| Obverse description | Yellow-toned note with an ornate border incorporating swastika corner motifs and a guilloche frame. At centre, a large circular vignette divided into four quadrants in black, white, red, and yellow — likely a representation of the Buddhist dharma wheel or state emblem — surrounded by dense Mongolian script text in Traditional Mongolian vertical script filling both side panels. The serial number appears twice in the upper margin, with trilingual inscriptions in Mongolian, English, and Russian across the lower portion reading 'MONGOLIAN GOVERNMENT'S TREASURE / 6% PROVISIONARY OBLIGATION / 100 DOLLARS' and the Cyrillic equivalent. |
|---|---|
| Obverse lettering | ᠮᠣᠩᠭᠣᠯ ᠤᠯᠤᠰ ᠤᠨ ᠰᠠᠩ ᠠᠴᠠ ᠣᠯᠠᠨᠠ ᠡᠷᠭᠦᠭᠳᠡᠭᠰᠡᠨ ᠦ ᠠᠷᠪᠠᠨ ᠨᠢᠭᠡᠳᠦᠭᠡᠷ ᠣᠨ ᠠᠷᠪᠠᠨ ᠰᠠᠷᠠ ᠶᠢᠨ ᠬᠣᠷᠢᠨ ᠬᠦᠷᠲᠡᠯᠡ ᠬᠡᠮᠡᠬᠦ ᠬᠤᠭᠤᠴᠠᠭᠠ ᠪᠠᠷ ᠭᠠᠷᠭᠠᠭᠰᠠᠨ ᠪᠦᠭᠦᠳᠡ ᠨᠢᠭᠡᠨ ᠵᠠᠭᠤᠨ ᠬᠤᠪᠢ ᠠᠴᠠ ᠵᠢᠷᠭᠤᠭᠠᠨ ᠬᠤᠪ ᠤᠨ ᠬᠡᠦ ᠦᠷᠡᠵᠢᠭᠦᠯᠵᠦ ᠪᠦᠬᠦᠢ ᠪᠠᠭᠠ ᠪᠣᠯᠵᠣᠭᠠᠲᠤ ᠪᠠᠲᠤᠯᠠᠭᠠᠨ ᠤ ᠲᠡᠮᠳᠡᠭ᠃ ᠡᠨᠡᠬᠦ ᠪᠠᠲᠤᠯᠠᠭᠠᠨ ᠤ ᠲᠡᠮᠳᠡᠭ ᠢ ᠲᠤᠰᠢᠶᠠᠭᠰᠠᠨ ᠬᠦᠨᠳᠦ ᠤᠭ ᠲᠣᠭᠲᠠᠭᠰᠠᠨ ᠪᠣᠯᠵᠣᠭᠠ ᠰᠠᠩ ᠤᠨ ᠶᠠᠮᠤᠨ ᠠᠴᠠ ᠠᠷᠪᠠᠨ ᠶᠠᠩᠴᠢᠶᠠᠨ ᠤ ᠪᠡᠯᠡᠨ ᠮᠥᠩᠭᠥᠨ ᠦ ᠵᠦᠢᠯ ᠢ ᠭᠦᠢᠴᠡᠳᠭᠡᠨ ᠲᠥᠯᠮᠣᠢ᠃ ᠡᠭᠦᠨ ᠦ ᠲᠤᠯᠠ ᠭᠠᠷ ᠤᠨ ᠵᠢᠷᠤᠭ ᠲᠠᠯᠪᠢᠭᠰᠠᠨ ᠰᠠᠩ ᠤᠨ ᠶᠠᠮᠤᠨ ᠤ ᠲᠡᠷᠢᠭᠦᠨ ᠰᠠᠶᠢᠳ᠃ ᠰᠠᠩ ᠤᠨ ᠶᠠᠮᠤᠨ ᠤ ᠵᠦᠪᠳᠡᠬᠦ ᠲᠦᠰᠢᠮᠡᠯ᠃ ᠨᠡᠶᠢᠰᠯᠡᠯ ᠬᠦᠷᠢᠶᠡ᠃ ᠣᠯᠠᠨᠠ ᠡᠷᠭᠦᠭᠳᠡᠭᠰᠡᠨ ᠦ ᠠᠷᠪᠠᠨ ᠨᠢᠭᠡᠳᠦᠭᠡᠷ ᠣᠨ᠂ ᠳᠥᠷᠪᠡᠨ ᠰᠠᠷᠠ ᠶᠢᠨ ᠬᠣᠷᠢᠨ ᠅ MONGOLIAN GOVERNMENT`S TREASURE. 6 % PROVISIONARY OBLIGATION. 100 DOLLARS 6 % КРАТКОСРОЧНОЕ ОБЯЗАТЕЛЬСТВО МОНГОЛЬСКИЙ ГОСУДАРСТВЕННОЙ КАЗНЫ 100 ДОЛЛАРОВЪ |
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| Comments |
Mongolia's 1921 Treasury obligations were issued in the immediate aftermath of the country's declaration of independence from China, with the new government desperately short of both hard currency and functioning financial infrastructure. Denominating obligations in U.S. dollars rather than any local unit was a pragmatic admission that the tögrög did not yet exist — it wouldn't be introduced until 1925 — and that foreign trade creditors would accept nothing else.
The American Bank Note Company contract was almost certainly arranged through connections with the White Russian administration that briefly held Urga before the Mongolian People's Revolutionary government took power in July 1921. Whether obligations printed before that transition were honored by the incoming government remains a genuinely open question in Mongolian monetary history.