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100 Roubles Lottery Bond, 1957
| Issuer | Ministry of Finance of the USSR |
|---|---|
| Year | 1957 |
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| Composition | Paper |
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| Obverse description | Olive-brown bond on a fine guilloche underprint, with the USSR State emblem centrally placed above the main inscription. Series and bond numbers appear in decorative typeset frames at top and bottom. Floral corner ornaments frame the design, with multilingual text in the lower central panel and denomination numerals at left, right, and bottom centre. |
|---|---|
| Obverse lettering | СССР ГОСУДАРСТВЕННЫЙ ЗАЕМ РАЗВИТИЯ НАРОДНОГО ХОЗЯЙСТВА СССР (выпуск 1957 года) ОБЛИГАЦИЯ НА СУММУ СТО РУБЛЕЙ 100 (Translation: USSR State Loan for the Development of the National Economy of the USSR (1957 issue) Bond for the sum of One Hundred Roubles) |
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| Comments |
The 1957 lottery bond was part of the USSR's long-running practice of financing state debt through compulsory and semi-compulsory bond drives pushed onto the Soviet workforce. By 1957, Khrushchev had already begun winding down the coercive subscription campaigns of the Stalin years, but the lottery mechanism remained — holders were entered into periodic draws for cash prizes rather than receiving conventional interest, a structure that let the state borrow cheaply while maintaining the fiction of voluntary participation.
In 1957 the government also announced a 20-year moratorium on repayment of earlier bond series, effectively defaulting on billions of roubles owed to ordinary citizens. This particular issue predates that announcement by months.