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25 000 Roubles Short term certificate
| Issuer | Narodny Komissariat Finansov (People's Commissariat of Finance), RSFSR |
|---|---|
| Year | 1922 |
| Type | Log in to see details |
| Value | 25 000 Roubles (25 000) |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | Серия АА ОБЯЗАТЕЛЬСТВО 1922 г. РОССИЙСКОЙ СОЦИАЛИСТИЧЕСКОЙ ФЕДЕРАТИВНОЙ СОВЕТСКОЙ РЕСПУБЛИКИ В ДВАДЦАТЬ ПЯТЬ ТЫСЯЧ РУБЛЕЙ. Народный Комиссар Финансов Заведующий отделом ден. и расчет. знаков Р.С.Ф.С.Р. Главный Бухгалтер № 000000 |
| Reverse description | The reverse shows a mirror impression of the obverse text visible through the paper, with the word «ОБРАЗЕЦ» (Specimen) overprinted diagonally in large perforated letters across the centre of the note. The overall surface is plain, with the guilloche numeral panel faintly visible at right as a see-through element from the obverse. |
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| Comments |
The short-term certificates (kratkosrochnye obyazatelstva) of 1922 were not banknotes in any conventional sense — they were interest-bearing state obligations issued as the Soviet government scrambled to absorb excess currency during the early NEP period. The RSFSR was hemorrhaging value through hyperinflation so severe that the printing presses could not keep pace with price increases, and these certificates functioned partly as a sterilization tool, pulling sovznaki out of circulation while nominally promising a return.
The 25,000 rouble face value was already economically trivial by late 1922, when the chervonets was being introduced to replace the entire sovznak system. Most of these certificates were redeemed or voided within months of issue.