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100 Roubles

Issuer Russian State Treasury (Государственное Казначейство)
Year 1915
Type Emergency banknote
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Reverse description Black intaglio on pink underprint. The reverse is entirely filled with a dense block of Cyrillic text setting out the regulations governing State Treasury bond series CDLVII (457), arranged in two columns with a printed heading ПОЛОЖЕНІЕ О РАЗРЯДѢ (СЕРІИ) БИЛЕТОВЪ ГОСУДАРСТВЕННАГО КАЗНАЧЕЙСТВА. At the foot, a bold single-line inscription states the interest accrual date, followed by the series designation СЕРІЯ CDLVII (ЧЕТЫРЕСТА ПЯТЬДЕСЯТЪ СЕДЬМАЯ) in large letterpress; guilloche border panels and corner ornaments frame the entire composition.
Reverse lettering ПОЛОЖЕНІЕ О РАЗРЯДѢ (СЕРІИ) БИЛЕТОВЪ ГОСУДАРСТВЕННАГО КАЗНАЧЕЙСТВА ЗА № CDLVII (457)
ПРОЦЕНТЫ НАЧИСЛЯЮТСЯ СЪ 1 ФЕВРАЛЯ ТЫСЯЧА ДЕВЯТЬСОТЪ ПЯТНАДЦАТАГО ГОДА
СЕРІЯ CDLVII (ЧЕТЫРЕСТА ПЯТЬДЕСЯТЪ СЕДЬМАЯ)
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Comments

Russia's State Treasury notes of this period were stop-gap instruments — issued under wartime fiscal pressure when the gold-backed ruble system was already collapsing. The 1915 Treasury issues circulated alongside Romanov-era State Bank notes but lacked the full institutional backing that the Bank's obligations technically carried. In practice, the public made little distinction.

P#58 is notably square in its proportions, an unusual choice that collectors frequently remark upon. The format was deliberate — the dimensions approximated postage stamps of the era, tying into the same emergency psychology that produced Marki-dengi, the stamp-money notes issued the same year when small coin vanished entirely from circulation.