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25 Roubles
| Issuer | People's Commissariat of Finance (Narkomfin), RSFSR |
|---|---|
| Year | 1923 |
| Type | Log in to see details |
| Value | 25 Roubles |
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| Composition | Log in to see details |
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| Printer | Log in to see details |
| Designer(s) | Log in to see details |
| Engraver(s) | Log in to see details |
| In circulation to | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | The back is printed in dark blue with an ornate scrollwork border of acanthus-leaf and lozenge motifs enclosing a central text panel. The numeral '25' appears in small guilloche medallions at left and right within the border, while a large lozenge-and-star watermark pattern is visible through the paper. The central inscription, in Cyrillic, states that banknotes of 1923 are legal tender for all settlements in accordance with the exchange rate established by the decree of 24 October 1922. |
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| Signature(s) | Log in to see details |
| Protection type | Watermark |
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| Comments |
The 1923 RSFSR emission was the last gasp of sovznak currency before the monetary reform of that same year swept it away. Inflation during the Civil War period had been so catastrophic that the 1923 series re-denominated at a rate of 1 new ruble to 1,000,000 old rubles — a ratio that tells you everything about the preceding years.
The extraordinary number of facsimile signatures on this note reflects the volume of notes being produced and the bureaucratic insistence on maintaining the fiction of individual authorization across a mass-printed emission. By late 1923, the chervonets had already been introduced as a parallel hard currency, and sovznaki like this one were effectively obsolete before they left the press.