Catalog
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| Issuer | Khorezm People's Soviet Republic |
|---|---|
| Year | 1921 |
| Type | Log in to see details |
| Value | 25 000 Roubles (25 000) |
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| Composition | Log in to see details |
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| Obverse description | Central vignette of a hammer-and-sickle emblem within a wreath at left, with the denomination '25000' in large numerals at centre. The value 'РУБЛЕЙ' appears both above and below the numeral in Cyrillic letterpress. Arabic-script inscriptions run along the right and upper borders, with the Cyrillic legend 'ПРОЛЕТАРИИ ВСЕХ СТРАН СОЕДИНЯЙТЕСЬ' along the left margin. |
|---|---|
| Obverse lettering | РУБЛЕЙ 25000 ПРОЛЕТАРИИ ВСЕХ СТРАН СОЕДИНЯЙТЕСЬ |
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| Comments |
Khorezm — formerly the Khanate of Khiva — was a short-lived Soviet client state that existed from 1920 to 1924, when it was dissolved and absorbed into the Uzbek and Turkmen SSRs. Its paper currency was issued during a period of near-total economic collapse, with the local monetary system already wrecked by years of war, Russian imperial disruption, and the violent 1920 Red Army campaign that ended Khivan rule.
At 25,000 roubles, this denomination reflects runaway inflation that rendered lower values functionally useless within months of issue. The series is genuinely rare in any condition — production infrastructure in Khiva was primitive, distribution was chaotic, and most of what circulated was quickly superseded or destroyed.