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250 Roubles High Command of the Armed Forces
| Issuer | High Command of the Armed Forces of South Russia |
|---|---|
| Year | 1920 |
| Type | Local banknote |
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| Obverse description | A double-headed eagle vignette at upper centre, flanked by the date 1920 in the upper corners. The central text panel carries the treasury note inscription in Cyrillic identifying the High Command of the Armed Forces of South Russia, with the denomination ДВЕСТИ ПЯТЬДЕСЯТ РУБЛЕЙ in bold letterpress below. Two facsimile signatures of financial officials appear at the lower left and right of the text panel, with the serial number printed in the right margin. |
|---|---|
| Obverse lettering | БИЛЕТЪ ГОСУДАРСТВЕННАГО КАЗНАЧЕЙСТВА ГЛАВНАГО КОМАНДОВАНІЯ ВООРУЖЕННЫМИ СИЛАМИ НА ЮГЪ РОССІИ ДВЕСТИ ПЯТЬДЕСЯТЪ РУБЛЕЙ Начальникъ Управленія Финансовъ Начальникъ Кредитной Части 250 РУБЛЕЙ |
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The High Command of the Armed Forces of South Russia — Denikin's command structure, later inherited by Wrangel — issued these notes as military scrip during the final phase of the White Army's campaign in southern Russia. By 1920, the Volunteer Army's territorial control was collapsing, and the currency it printed was backed by nothing beyond the expectation of a victory that never came. Inflation in White-controlled zones was severe; the rouble had already lost most of its meaning in ordinary trade.
Notes from this issuer circulated alongside Bolshevik sovznaki, local municipal emissions, and foreign currency — often at wildly different rates within the same town. Wrangel was evacuated from Crimea in November 1920, effectively ending this series' issuing authority within weeks of many notes reaching circulation.