Catalog
25 Roubles
| Issuer | Government Bank, Yerevan Branch |
|---|---|
| Year | 1919 |
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| Reference(s) | P#20 |
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|---|---|
| Obverse lettering | ЭРИВАНСКОЕ ОТДЕЛЕНИЕ ГОСУДАРСТВЕННАГО БАНКА. Специальный тек. счет Правительства Республики Армении Сер. Ж 52 № 0194 Эривань, Август 1919 года Руб. 25 руб. Предъявитель сего чека имеет получить из Эриванского Отделения Государственного Банка двадцать пять рублей Министр- Председатель Финансов Настоящая цена имеет обязательное хождение наравне с кредитными билетами |
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| Reverse lettering | Настоящий чек акцептован Эриванским Отделением Государственного Банка и подлежит оплате Отделением Банка с 15 января 1920 года. Управляющий Эриванским Отдел. Государственного Банка Контролер Кассир |
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| Comments |
Armenia's brief independent republic (1918–1920) issued currency through the Yerevan branch of what had been the old Russian Government Bank structure — a pragmatic institutional inheritance rather than a newly built central bank. The 25 Rouble notes of 1919 were lithographed locally under difficult conditions, and the quality of printing reflects those constraints. Armenia was simultaneously fighting border wars with Georgia, Azerbaijan, and Ottoman forces while trying to maintain a functioning monetary system.
The rouble remained the denomination of choice precisely because the population had no reason to trust an untested Armenian unit, and because trade with neighboring territories still demanded a familiar currency anchor. Soviet forces entered Yerevan in April 1920, rendering the entire series worthless within months of issue.