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25 000 Roubles STATE TREASURY 5% SHORT TERM OBLIGATIONS

Uitgever State Treasury of the Russian Empire
Jaar 1915
Type Non-circulating banknote
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Beschrijving keerzijde The reverse is printed in a pale rose-brown tone and consists entirely of an intricate guilloche pattern covering the full field, with a large central oval medallion composed of concentric lathe-work bands. Within the medallion, the numeral '25.000' is rendered in outlined figures above the Cyrillic inscription 'РУБЛЕЙ', both set against a finely engraved engine-turned background.
Opschrift keerzijde 25.000
РУБЛЕЙ
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Opmerkingen

These 5% short-term treasury obligations were instruments of war finance, not conventional banknotes. Issued in 1915 as the Russian Imperial government scrambled to fund an increasingly catastrophic mobilization on the Eastern Front, they circulated alongside regular currency because the Ministry of Finance had effectively run out of less desperate options. The Tsar's government suspended gold convertibility in 1914, and instruments like these filled the gap left by a rapidly inflating money supply.

The "short-term" designation was optimistic. By 1917 the obligations were worthless, and the Provisional Government that briefly succeeded the Romanovs inherited a fiscal wreck that the Bolsheviks then formally repudiated entirely in 1918.

MISSCHIEN OOK INTERESSANT