100 Roubles High Command of the Armed Forces

The High Command of the Armed Forces of South Russia — Denikin's successor command under Wrangel — issued this note during the dying months of the White movement on the Southern Front. By 1920, the Volunteer Army's territorial control had collapsed to the Crimean peninsula, and the notes printed that year circulated in an economy running almost entirely on military requisition and foreign-supplied credit. Inflation was severe enough that 100 Roubles had become a petty denomination.

Wrangel evacuated Crimea in November 1920, ending White administration entirely. Notes abandoned after the evacuation were occasionally reused by Soviet authorities as scrap paper during the subsequent currency chaos.