25 Roubles Transcaspian Region

The Transcaspian Provisional Government was an unusual anti-Bolshevik administration backed, briefly and awkwardly, by British forces operating out of Meshed and Quetta during 1918–1919. Its currency apparatus was correspondingly improvised. The Ashkhabad branch of the People's Bank issued notes under a government that controlled little more than the railway line connecting Krasnovodsk to Merv, and whose political survival was measured in months.

By the time these 25 Rouble notes circulated, the British had already withdrawn their support, and Transcaspian resistance to Soviet consolidation was collapsing. Notes from this administration had an extremely short window of validity before the region fell to Red Army forces in July 1919.