200 Tengas / Ten'gov

The Khorezm People's Soviet Republic was a short-lived Soviet client state carved out of the former Khanate of Khiva in 1920 — which creates an immediate problem with the 1918 date on this note. Khorezm did not exist as a political entity until February 1920. The date almost certainly refers to a Soviet calendar conversion or a pre-revolutionary dating convention carried over in the printing, not to actual issue in 1918.

These early Khorezm treasury emissions were produced under severe material constraints, and the series is notable for its crude typography relative to contemporary Soviet issues elsewhere in Central Asia.