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| 正面描述 | Central vignette shows the State Duma building in Moscow within an oval frame, with decorative foliate branches at either side. The heading reads ЗАЕМЪ СВОБОДЫ (Liberty Loan) in large Cyrillic letters above the vignette, with the denomination inscription 5% ОБЛИГАЦІЯ ВЪ ТЫСЯЧУ РУБЛЕЙ НАРИЦАТЕЛЬНЫХЪ below. The note carries multiple manuscript signatures and a text block with a patriotic appeal, series number №256408 and series III (III серія) appearing at upper left and right within a guilloche border. |
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| 正面铭文 | ЗАЕМЪ СВОБОДЫ ГОСУДАРСТВЕННАЯ ДУМА 5% ОБЛИГАЦІЯ ВЪ ТЫСЯЧУ РУБЛЕЙ НАРИЦАТЕЛЬНЫХЪ III серія №256408 Петроградъ, 27 марта 1917 года |
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The Kama Region (Камское Областное Казначейство) was a short-lived administrative entity that emerged during the chaotic fragmentation of authority across the Urals in 1918. This note belongs to a cluster of locally authorized emissions that proliferated as White and anti-Bolshevik forces, cooperative banks, and regional treasuries all scrambled to fill the void left by collapsing central monetary supply chains. The Kama notes were not issued by a single coherent banking institution but by a regional treasury operating under severe resource constraints.
High-denomination local scrip at this value almost always reflects hyperinflationary pressure rather than genuine economic confidence — 1,000 roubles in 1918 Urals currency was already struggling to hold purchasing power against commodity prices driven upward by military disruption and supply blockades.