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20 Tengas Treasury

Issuer Emirate of Bukhara
Year 1919
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Reference(s) P#1
Obverse description A yellow crescent and star vignette occupies the central field, flanked on left and right by vertical panels of Arabic script within ruled borders. The Hijri date and denomination appear in the lower portion of the note, with Arabic numerals at lower left and right corners. The entire design is enclosed within a geometric border of repeating ornamental motifs printed in red.
Obverse lettering ДВАД ЦАТЬ ТЕН ГОВЪ ۱۳۳۷ ۲0
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The Emirate of Bukhara issued paper currency only briefly and under duress. By 1919, Emir Alim Khan's government was caught between Bolshevik military pressure from the north and the practical collapse of traditional coinage supply — the tenga had circulated for centuries as silver, and paper substitutes were met with deep popular suspicion. This issue, the first catalogued for Bukhara, was a fiscal improvisation rather than a planned monetary system.

The emirate itself ceased to exist the following year. Soviet forces took Bukhara in September 1920, Alim Khan fled to Afghanistan, and whatever notes remained in circulation were rendered worthless almost immediately after issue.