Catalog
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| Issuer | State Treasury of the Soviet Union |
|---|---|
| Year | 1923 |
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| Value | Log in to see details |
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| Composition | Paper |
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|---|---|
| Obverse lettering | Государственный Денежный Знак Союза Советских Социалистических Республик ПЯТНАДЦАТЬ ТЫСЯЧ РУБЛЕЙ ИМЕЕТ ХОЖДЕНИЕ ПО ВСЕЙ ТЕРРИТОРИИ СОЮЗА Народный Комиссар Финансов Кассир С.С.С.Р. |
| Reverse description | The large numeral 15000 in guilloche underprint occupies the centre of the note, with the denomination also rendered in multiple languages around the border. A geometric guilloche border frame surrounds the design, with multilingual inscriptions in Russian, Ukrainian, Belarusian, Georgian, Armenian, Turkic, and Persian running along the margins. Additional text at lower centre and right repeats the issuer name in several Soviet languages. |
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| Comments |
The 1923 Soviet treasury note series was issued during the final, chaotic phase of the hyperinflationary period that followed the Civil War and War Communism — by this point, denominations had escalated so rapidly that a 15,000-rouble note represented a purely practical printing response to collapsing purchasing power rather than any policy decision. The New Economic Policy, introduced in 1921, was already attempting to stabilize the economy, and a full currency reform replacing these roubles with the new chervonets-backed currency was underway simultaneously with this note's issue.
P#182 is part of a transitional series destined for short practical life. The 1924 reform wiped these notes out at brutal exchange ratios — 50 billion old roubles to one new gold-backed rouble.