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| 正面描述 | A 5% short-term State Treasury obligation. The left portion carries a vertical guilloche panel with the numeral value '25.000' printed sideways. The central text field, printed in Cyrillic, states the obligation and redemption terms dated 1 December 1917, with references to the State Bank and its branches. Signatures of the Director of the State Treasury Department and the Chief Accountant appear below the main text, with a serial number and the place of issue 'Petrograd, 1 Декабря 1916' at the bottom. |
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| 正面铭文 | 5% краткосрочное обязательство Государственнаго Казначейства. Предъявителю сего уплачивается 1 Декабря 1917 года двадцать пять тысяч рублей въ Государственномъ Банкѣ и его Конторахъ и Отдѣленіяхъ. Директоръ Департамента Государственнаго Казначейства Начальникъ Бухгалтерскаго Отдѣла Бухгалтеръ Петроградъ, 1 Декабря 1916 Руб. 25.000 |
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This issue belongs to the wartime internal loan series authorized by the Imperial Russian government in 1916, when the costs of sustained mobilization had outpaced the capacity of the State Bank to issue conventional currency. These were technically obligations of the State Treasury rather than banknotes in the central banking sense — interest-bearing instruments pressed into circulation out of necessity, not monetary policy.
Printed at the Expedition for the Preparation of State Papers in Petrograd, the same facility that produced standard Imperial currency. The "O" suffix in the Pick reference denotes a specimen designation within the series.