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100 Roubles

Issuer Assignation Bank (Ассигнационный Банк)
Year 1785-1818
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Value 100 Roubles (100 Рублей)
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Obverse description Plain unframed white field bearing the serial number at top and a single handwritten signature in the upper portion, above the main text block printed in Cyrillic letterpress; a small ornamental vignette with the denomination СТО appears within the text. Two handwritten signatures authenticate the note, with the serial number repeated twice in the lower margin.
Obverse lettering ОБЪЯВИТЕЛЮ СЕЙ ГОСУДАРСТВЕННОЙ АССИГНАЦИИ ПЛАТИТЬ АССИГНАЦИОННЫЙ БАНКЪ СТО РУБЛЕЙ ХОДЯЧЕЮ МОНЕТОЮ
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The Assignation Bank's 100 Rouble notes occupied an awkward position in Russian commerce almost from the moment they appeared. Catherine II established the bank in 1769 precisely to fund military expenditure without draining the silver reserve, and the assignats immediately traded at a discount to metal coin — a gap that widened steadily through the Napoleonic period. By 1810, one silver rouble commanded roughly four assignat roubles on the open market.

The series ran across an exceptionally long lifespan, which created chronic counterfeiting problems. A particularly damaging wave of forgeries circulated during the 1812 French occupation of Moscow, some reportedly produced on Napoleon's orders to destabilize the Russian economy.