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25 000 Roubles

Issuer State Treasury of the Soviet Union
Year 1923
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Currency Rouble (1924-1958)
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Reverse description The large numeral 25000 dominates the centre within an elaborate guilloche underprint, with РУБЛЕЙ КАРБОВАНЦІВ lettered beneath. A broad decorative border frames the note, with the denomination and issuing authority repeated in multiple languages including Russian, Ukrainian, Belarusian, Azerbaijani, Armenian, Georgian, and Turkic scripts arranged in vertical and horizontal bands around the central numeral. Additional multilingual text appears in a column to the right.
Reverse lettering 25000
РУБЛЕЙ КАРБОВАНЦІВ
ДЗЯРЖАЎНЫ ГРАШОВЫ ЗНАК САЮЗ САВЕЦКІХ САЦЫЯЛІСТЫЧНЫХ РЭСПУБЛІК
ДЕРЖАВНИЙ ГРОШОВИЙ ЗНАК СОЮЗУ РАДЯНСЬКИХ СОЦІАЛІСТИЧНИХ РЕСПУБЛІК
شورا سوسیالیست جمهوریتلری اتّفاقی دولت پارسی علامتی
رۇبل
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The 1923 Soviet high-denomination issues emerged from one of the most severe hyperinflationary episodes in modern European history. Between 1921 and 1923, the Soviet government printed money to cover fiscal deficits left by civil war and the collapse of industrial output, driving the old sovznaki into near-worthlessness. The 25,000-rouble note — a sum that would have represented extraordinary wealth just five years earlier — was by issuance already a workaday transaction denomination.

This note belongs to the first standardized Soviet treasury series, issued under the State Treasury rather than a central bank, since Gosbank had only been re-established in 1921 and was still building institutional credibility. The monetary reform of 1924, which introduced the chervonets-backed rouble at 50 billion old roubles to one new, rendered the entire sovznaki series obsolete within months of printing.

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