100 Roubles Socialist Soviet Republic of Armenia - Shirak

The Shirak Regional Bank was one of several local Soviet Armenian institutions authorized to issue emergency currency during the chaotic transitional period following the Bolshevik takeover of the Armenian Republic in late November 1920. Regional issuances like this one emerged precisely because central monetary supply had collapsed — Yerevan could not reliably distribute notes fast enough to meet local demand, so oblast-level banks were permitted to print their own.

Shirak, centered on Alexandropol (now Gyumri), was a strategically significant district, and its regional notes circulated alongside — and were often distrusted relative to — central Soviet Armenian issues. The P#S698 designation places it firmly in the provisional local emission series, most of which were withdrawn and demonetized by 1922 under the Transcaucasian monetary consolidation.