25 000 Roubles

发行方	Khorezm People's Soviet Republic
年份	1921
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面值	25 000 Roubles (25 000)
货币	登录以查看详情
材质	登录以查看详情
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印刷机构	登录以查看详情
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正面描述	登录以查看详情
正面铭文	РУБЛЕЙ 25000 ПРОЛЕТАРИИ ВСЕХ СТРАН СОЕДИНЯЙТЕСЬ
背面描述	A star-and-crescent vignette in red ink at upper centre serves as the principal design element, flanked by Arabic-script text columns on either side. The lower portion carries a rectangular panel with Arabic and Chagatai inscriptions stating the denomination and issuing authority, with an ornamental floral device at the right. The serial number appears in the upper field.
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备注	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— production infrastructure in Khiva was primitive, distribution was chaotic, and most of what circulated was quickly superseded or destroyed.

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