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100 Roubles

Issuer Khorezm People's Soviet Republic
Year 1922
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Currency Rouble (1920-1925)
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Obverse description The obverse is printed in brown on plain paper and presents a typographically composed layout in a mixed Cyrillic and Arabic script design typical of early Central Asian Soviet issues. The denomination '100' appears in large Cyrillic characters at centre, flanked by two circular rosette vignettes with Arabic inscriptions, above a central rectangular panel bearing the authorising text in Arabic script. Three lower cartouches contain additional Arabic legends, likely including issuing authority and validation inscriptions, while a decorative border frames the entire face.
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Reverse description The reverse is printed in black on plain paper and displays a symmetrical typographic composition centred on a large circular guilloche rosette medallion. The denomination '100 РУБЛЕЙ' appears twice in Cyrillic flanking the central medallion, with the date '1922' printed below it. Corner devices bear the numeral '100' in each quadrant, and a band of Arabic script lettering runs along the lower margin, with additional Arabic text at the top edge completing the design.
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The Khorezm People's Soviet Republic was a short-lived Soviet satellite state carved out of the former Khanate of Khiva after the Red Army deposed Khan Sayid Abdullah in 1920. It lasted barely five years before being formally dissolved in 1924 and absorbed into the Uzbek and Turkmen Soviet Socialist Republics. Currency issued under this authority occupies an exceptionally narrow window of independent monetary activity.

The 1922 emission came during a period of acute monetary instability across Soviet Central Asia, when local issues were proliferating precisely because Moscow's own currency supply could not reach these territories reliably. Khorezm notes from this period are genuinely scarce — the republic's total economic output was minimal, print runs were small, and survival rates suffer accordingly.

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