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| 正面铭文 | 25 РУБЛЕЙ |
| 背面描述 | At left, a green star and crescent motif occupies the upper portion of the design, serving as the principal vignette. Arabic script inscriptions fill the upper field and a large central text panel, with additional calligraphic legends in a rectangular cartouche below. A small decorative floral element appears at upper right, all enclosed within a ruled border over a geometric guilloche underprint. |
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The Khorezm People's Soviet Republic was a short-lived Soviet client state carved out of the former Khanate of Khiva in 1920, and its paper currency reflects the chaotic monetary conditions of early Central Asian Sovietization. By 1922, the republic was already being absorbed into the broader Soviet structure — it would be formally liquidated in 1923 — so this issue belongs to the final phase of an entity that existed for barely three years.
Local printing under these conditions was rudimentary, and Khorezm notes from this period are known for inconsistent ink coverage and thin stock. Survival rates are low simply because so few were produced and the region saw little archival preservation.