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25 000 Roubles Don Cossack Military Government

Issuer Don Cossack Military Government
Year 1919
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Composition Paper
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Obverse description Short-term 5% obligation of the Don Cossack Army (Всевеликое Войско Донское), with the double-headed eagle arms vignette at left. The central field is filled with Cyrillic letterpress text stating the denomination of 25,000 roubles, a maturity date of 1 April 1919, and the place of issue as Novocherkassk, dated 1 October 1918. Serial number, series designation, and manuscript signatures of financial officers appear in the lower portion, with fine-print redemption conditions at the foot of the note.
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Reverse description Plain cream-coloured paper reverse bearing a watermark comprising a wreath enclosing a central device at left and a secondary watermark motif at right. A circular rubber handstamp indicating the place of acceptance is applied to the centre-left area of the otherwise unprinted surface.
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Comments

The Don Cossack Military Government operated out of Novocherkassk and issued its own currency during the Civil War period when the White movement controlled significant southern Russian territory. This 25,000 rouble denomination reflects the runaway inflation of that conflict — the Don government had been issuing notes in much smaller denominations just months earlier, and the denominations climbed rapidly as the military situation and supply chains deteriorated through 1919.

By early 1920, Denikin's forces were in full retreat and the Don Republic effectively ceased to exist as a functioning administrative entity. Notes from this late high-denomination series saw little meaningful circulation before the issuing authority collapsed.

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