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250 Gold Roubles Payment obligation
| Issuer | Central Cash Office of the People's Commissariat of Finance of the USSR |
|---|---|
| Year | 1924-1928 |
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| Shape | Rectangular |
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| Obverse description | At left, an intaglio vignette of a standing male worker figure within an ornamental frame surmounted by a laurel wreath; the Soviet state arms appear at upper right. The central text panel bears the title ПЛАТЕЖНОЕ ОБЯЗАТЕЛЬСТВО in large bold letterpress, beneath which the issuing authority — Центральной Кассы Народного Комиссариата Финансов С.С.С.Р. — is set out in formal Cyrillic script. The document body states the obligation terms including a 3% annual interest rate, with issue and payment dates, the denomination двести пятьдесят рублей золотом, and multiple manuscript signatures of senior Treasury officials. |
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| Obverse lettering | Январь 1928 г. Заказ № 1829 ПЛАТЕЖНОЕ ОБЯЗАТЕЛЬСТВО Центральной Кассы НАРОДНОГО КОМИССАРИАТА ФИНАНСОВ С.С.С.Р. Срок выпуска 1е ФЕВРАЛЯ 1928 г. Срок уплаты 1е АВГУСТА 1928 г. Двести пятьдесят рублей золотом Народный Комиссар Финансов СССР Начальник Бюджетного Управления Начальник Валютного Управления Заведующий Центрокассой ФА 123456 |
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The gold rouble payment obligations (zolotye ruble) of 1924–1928 were not conventional banknotes. They were short-term Treasury obligations denominated in gold, issued as the Soviet state scrambled to stabilize its currency following the hyperinflationary collapse of the sovznak. The broader currency reform of 1922–1924 introduced the chervonets as a gold-backed unit, but these obligations gave the state a parallel instrument for larger transactions without requiring actual specie to change hands.
The 250-rouble denomination was the highest in this obligation series — a figure that put it firmly outside everyday commerce. Survival rates are low, partly because the obligations carried redemption terms that meant most were eventually surrendered to the state rather than retained.