250 Roubles Kuban - Territorial Government

The Kuban Territorial Government was one of several anti-Bolshevik regional administrations that scrambled to issue their own currency during the chaos of 1918, when Volunteer Army operations in the northern Caucasus made stable central-bank supply lines impossible. The Kuban Cossack leadership in Ekaterinodar needed money fast, and local printing capacity was limited — the notes of this period show it.

P#S488 belongs to a series that circulated alongside Volunteer Army Don issues and Denikin's own scrip, creating a patchwork of semi-convertible obligations that traders and soldiers alike accepted grudgingly. Kuban notes were formally demonetized after the White defeat in the region by early 1920.