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200 Tengas / Ten'gov

Issuer Khorezm People's Soviet Republic Treasury
Year 1919
Type Standard circulation banknote
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Obverse lettering ٢٠٠
Reverse description Green guilloche underprint fills the field within a chain-link outer border. A large circular vignette, centrally placed and printed in dark brown, bears an ornate seal with Arabic script inscriptions and a crescent-and-star motif at its apex. Two smaller crescent-and-star devices flank the central seal within oval frames, and a handwritten serial number appears below the central vignette.
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Comments

Khorezm — the short-lived Soviet republic carved out of the former Khanate of Khiva in 1920 — had an almost comically unstable monetary situation throughout its brief existence. This 1919 issue predates the formal proclamation of the republic itself, placing it in the transitional chaos between the collapse of Khivan khanate authority and Soviet consolidation of the region. The treasury was issuing paper against essentially no functioning reserve.

Khorezm went through multiple currency reforms before being absorbed into the Soviet Union in 1924, and most of these early tengas issues were superseded rapidly and discarded. Survivors are consequently scarce, though condition varies wildly given the low paper quality common to emergency provincial issues of the period.