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25 Roubles Piatigorsk-Batalpashchinsk Company, Independent Army

发行方 Kislovodsk Branch of the State Bank / Financial Commission of the Volunteer Army
年份 1918
类型 Local banknote
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背面描述 The reverse carries a serial number at upper left and the year date '1918 годъ.' in large type at upper centre. Two paragraphs of Cyrillic text follow, setting out the guarantee conditions: that these guaranteed cheques circulate on a par with credit notes and that the cheque amount is blocked on the depositor's current account, payable exclusively to the bearer. At lower centre, a circular red official stamp is applied, flanked by manuscript role inscriptions for 'Управляющій' (Manager) and 'Кассиръ' (Cashier) with their respective signature lines.
背面铭文 1918 годъ.
Гарантированные чеки имѣютъ хожденіе наравнѣ съ кредитными билетами.
На сумму настоящаго чека наложено запрещеніе на текущій счетъ вкладчика и деньги будутъ выданы только лишь подателю этого чека.
Управляющій
Кассиръ
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Piatigorsk and Batalpashinsk were two of several North Caucasus towns that issued emergency scrip during the chaotic regional struggle of 1918, when the Volunteer Army and Bolshevik forces contested the area in rapid, brutal succession. This note was sanctioned through the Financial Commission of the Volunteer Army — Anton Denikin's administrative apparatus — as a stopgap measure when central monetary supply had entirely collapsed across the region.

The hyphenated issuing authority in the title reflects genuine administrative improvisation: local branches of the State Bank operated under whatever political authority controlled them that week. Pick S554 is among the harder entries in the broader Volunteer Army scrip grouping to authenticate, as wartime counterfeiting of these low-denomination regional notes was common and well-documented even at the time of issue.

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