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| Issuer | Socialist Soviet Republic of Armenia |
|---|---|
| Year | 1922 |
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| Value | Log in to see details |
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| Shape | Rectangular |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | ՀԱՅԱՍՏԱՆԻ ՍՈՑԻԱ-ԼԻՍՏԱԿԱՆ ԲՈՂՈՔԱՅԻՆ ՀԱՆՐԱՊԵՏՈՒԹՅՈՒՆ ՍՕՑԻԱԼԻՍՏԻՉԵՍԿԱՅԱ ՍՈՎԵՏՍԿԱՅԱ ՌԵՍՊՈՒԲԼԻԿԱ СОЦИАЛИСТИЧЕСКАЯ СОВЕТСКАЯ РЕСПУБЛИКА АРМЕНИИ 25000 1922 |
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| Reverse lettering | 25000 |
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| Comments |
Armenia's Soviet government issued this note in 1922 during one of the most chaotic monetary periods in the Caucasus — the region had cycled through Tsarist rubles, Transcaucasian issues, and successive Armenian republic notes within just a few years. The S681 belongs to the final phase of independent Armenian Soviet emission before Transcaucasian Federation currencies absorbed local issue authority. Denominations this high reflect the acute inflation gripping the entire former Russian empire at the time, not any particular strength of the issuing authority.
Pick classifies it under the "S" (Specialized) series, indicating semi-governmental or regional emergency issue status rather than central bank production.