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100 Roubles

Issuer Russian Socialist Federative Soviet Republic (RSFSR)
Year 1922
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Size 143 × 95 mm
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Obverse description The obverse is dominated by the state emblem of the RSFSR at centre, surrounded by an intricate guilloche underprint. Denomination numerals and the full text of the legal tender declaration are arranged around the central vignette, with signature lines for the People's Commissar of Finance and the Cashier printed at the lower portion. The overall design is executed in a two-colour letterpress style typical of early Soviet currency reform issues.
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Reverse description The reverse is printed entirely in red on cream paper, with a symmetrical guilloche framework divided into four corner panels, each carrying large denomination numerals '100' above the Cyrillic word 'РУБЛЕЙ'. A central cartouche of foliate ornamental design encloses the redenomination notice in Cyrillic text, with the date '1922' below it. The anti-counterfeiting warning appears at the foot of the central cartouche, and the borders are filled with continuous interlaced scrollwork and stylised floral motifs.
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The RSFSR's 1922 currency issues appeared during the Soviet government's New Economic Policy, when the Bolsheviks temporarily reintroduced limited market mechanisms to stabilize an economy in freefall after years of war, revolution, and the disastrous "War Communism" period. Sovznaki — the generic Soviet paper money of the early 1920s — were being printed in such volume that inflation had rendered earlier denominations nearly worthless, forcing the constant issue of higher face values.

Pick 133 belongs to a transitional moment: within a year, the chervonets reform would begin replacing the collapsing sovznak system entirely.

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