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| 表面の説明 | Lilac guilloche underprint covers the entire field, with decorative sickle motifs in each corner rendered in olive-yellow. The large denomination value ДВАДЦАТЬ ПЯТЬ РУБЛЕЙ (Twenty-Five Roubles) is printed in bold Cyrillic letterpress across the centre, overlaid on a large numeral '25' vignette. Two square cartouches bearing the date '1918' are placed at left and right centre, with series prefix 'АII' at lower left and right, and four facsimile signatures with printed titles at the bottom. |
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| 表面の銘文 | СЕВЕРОКАВКАЗСКАЯ СОЦИАЛИСТИЧЕСКАЯ СОВЕТСКАЯ РЕСПУБЛИКА ДВАДЦАТЬ ПЯТЬ РУБЛЕЙ ВЫПУЩЕН НА ОСНОВАНИИ ОБЩЕГОСУДАРСТВЕННОГО ЭМИССИОННОГО ПРАВА 1918 ПОДДЕЛКА ПРЕСЛЕДУЕТСЯ ЗАКОНОМ ПРЕДСЕДАТЕЛЬ КОМИС ФИН УПРАВЛЯЮЩ НАЗНАЧЕЙ |
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| 裏面の銘文 | ログイン して詳細を見る |
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| 偽造防止技術 | ログイン して詳細を見る |
| 偽造防止の説明 | ログイン して詳細を見る |
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The North Caucasian Soviet Socialist Republic was a short-lived Bolshevik entity declared in early 1918 in the turbulent aftermath of the October Revolution, governing — loosely — parts of the Kuban and Terek regions before being overrun by White and foreign forces within months. Its paper currency was issued not from any position of economic stability but as a functional necessity of revolutionary administration, competing on the ground with Provisional Government leftovers, Don Army notes, and various local scrip.
S448 is among the scarcer emissions from this republic, which produced comparatively little paper before collapsing. Notes from this issuer that passed through actual circulation rather than sitting in archive stocks are difficult to distinguish from those that didn't — the region's chaotic 1918–1919 fighting left few reliable paper trails.