100 Roubles - Perforated North Russia - Chaikovskiy Government

The Provisional Government of the Northern Region — backed by Allied intervention forces at Arkhangelsk and headed nominally by the Socialist-Revolutionary Nikolai Chaikovsky — issued this note during one of the stranger episodes of the Russian Civil War, when British and American troops were actively propping up an anti-Bolshevik administration on Russian soil. The perforation security feature was applied to distinguish notes authorized for local circulation from those that had not yet cleared the issuing authority — a crude but practical safeguard in a region with no stable banking infrastructure and a population deeply uncertain about which currency would survive the month.

Allied withdrawal in autumn 1919 effectively ended the government. Notes not already in circulation became worthless almost immediately.