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| Issuer | Government of the Northern Region (Chaikovskiy Government) |
|---|---|
| Year | 1918 |
| Type | Log in to see details |
| Value | 25 Roubles |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | СЕВЕРНАЯ РОССИЯ. ГОСУДАРСТВЕННЫЙ КРЕДИТНЫЙ БИЛЕТЪ ДВАДЦАТЬ ПЯТЬ РУБЛЕЙ ГОСУДАРСТВЕННАЯ ЭМИССИОННАЯ КАССА РАЗМЕНИВАЕТЪ КРЕДИТНЫЕ БИЛЕТЫ НА ФУНТЫ СТЕРЛИНГОВЪ БЕЗ ОГРАНИЧЕНИЯ СУММЫ ПО КУРСУ 40 РУБ. = 1 ФУНТУ СТЕРЛИНГОВЪ. |
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| Reverse lettering | Управляющій Отдѣломъ Финансовъ Членъ Государственной Эмиссіонной Кассы РУБЛЕЙ |
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| Comments |
The Chaikovskiy Government — formally the Supreme Administration of the Northern Region — was installed in Arkhangelsk in August 1918 following the Allied intervention, with Socialist Revolutionary Nikolai Chaikovskiy as its nominal head. The regime controlled a geographically isolated pocket of territory and depended almost entirely on British logistical and financial support to function. These notes were a direct consequence of that dependency: local monetary supply had collapsed, and the new administration needed circulating currency immediately.
The series was produced under severe constraints and circulated in a region where winter conditions and supply disruptions made even basic commerce difficult. When the Allies withdrew in 1919 and Bolshevik forces moved south, the notes became worthless almost overnight.