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| 正面描述 | The face is laid out as a formal treasury obligation, with the Imperial Russian state arms in an oval vignette to the left and the large denomination numeral '1000' in a decorative panel at the far left margin. The central text field carries a block of Cyrillic letterpress inscriptions identifying this as a 5% short-term State Treasury obligation redeemable on 1 December 1917 through the Irkutsk Branch of the State Bank, with printed facsimile signatures of the Director of the State Treasury and the Chief Accountant below. The place and date of issue — Petrograd, 1 December 1916 — appear at the foot of the note alongside the serial number. |
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| 正面铭文 | Срок 1 Декабря 1917 Иркутское Отделение Г. Б. Руб. 1000. 5% краткосрочное обязательство Государственного Казначейства. Предъявителю сего уплачивается 1 Декабря 1917 года тысяча рублей в Государственных Банке и его Конторах и Отделениях. Директор Государственного Казначейства Начальник Бухгалтерского Отдела бухгалтер Петроград, 1 Декабря 1916 |
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The 1916 State Treasury short-term obligations were not banknotes in the conventional sense — they were interest-bearing government bonds pressed into circulation as currency, a fiscal workaround forced by the extraordinary costs of the First World War. The tsarist government could not print money fast enough through the State Bank alone, so the Treasury began issuing these obligations in denominations large enough to circulate among institutions and merchants rather than ordinary consumers.
Pick 31F is one of several signature and series variants within this issue. By 1916, Russia's monetary system was under severe strain — gold convertibility had been suspended in 1914 and never resumed under the Romanovs.