100 Roubles Government of The North Region

The Provisional Government of the Northern Region was a White movement administration established at Archangel in August 1918, propped up by Allied intervention forces — British, French, and American troops who had landed ostensibly to prevent war materiel from falling to the Central Powers but who stayed to contest the Bolshevik consolidation of power. The note exists because the regime needed a functioning currency to pay civil servants and local suppliers in a territory with no functioning connection to any recognized central bank.

Allied forces withdrew by late 1919, and the government collapsed in February 1920. The currency became worthless almost overnight, which paradoxically left substantial quantities unspent and in reasonable condition.