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100 Rupees

Issuer Afghanistan
Year 1920
Type Standard circulation banknote
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Obverse lettering امستقلاخلاداد افع
Reverse description The reverse shows the faint blind impression of the obverse design transferred through the single-sided printing process, with the overall layout of the guilloche borders, circular vignettes and central inscription panel visible as a light ghost image. The paper is plain and unprinted, with cancellation punch holes visible.
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Comments

India's currency arrangements during the early 1920s were split between the Finance Department of the Government of India and the Imperial Bank, which had only just been proposed — it would not open until 1921. Treasury issues of this period carried the signature of the Controller of Currency, and the specific signatory on P#5 notes can help narrow the issue window considerably, as the series ran across several controllers.

High-denomination Treasury notes from this period suffer disproportionate attrition. Wartime inflation had already stressed confidence in paper, and the 1920s saw active replacement campaigns as the Reserve Bank framework was debated. Few examples survived the transition intact.

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