100 Gold Roubles Payment obligation

The "payment obligation" (платёжное обязательство) series was a short-lived instrument issued as the Soviet Union scrambled to stabilize currency after the catastrophic hyperinflation of the early 1920s. These obligations were part of the broader chervonets reform — the 1922–1924 effort to introduce a gold-backed currency and retire the virtually worthless sovznaks. The 100 gold rouble denomination placed this squarely in large-transaction territory, used primarily for institutional settlements rather than retail trade.

The issuing authority — the Central Cash Office of the Narkomfin — was distinct from Gosbank, which issued the chervonets banknotes proper. That separation matters: these obligations carried a different legal status and redemption mechanism, reflecting the transitional and experimental nature of early Soviet monetary policy.

The series was withdrawn before 1929 as the NEP financial architecture collapsed under the First Five-Year Plan.