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3 Roubles

Issuer Russian Soviet Federative Socialist Republic (RSFSR)
Year 1922
Type Standard circulation banknote
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Obverse description Large numeral '3' at centre within an ornate guilloche frame, with the RSFSR state emblem — hammer and sickle surmounted by wheat ears — at upper centre. Below the numeral, the inscription 'РУБ.' appears in bold letterpress, followed by the issuing authority legend and date in the lower panel. A solid dark-green band at the foot of the note carries the anti-counterfeiting warning text in white lettering.
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Reverse description The reverse is unprinted save for an all-over geometric guilloche underprint pattern in pale green, composed of interlocking angular meander motifs that cover the entire surface, leaving no central vignette or text.
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Comments

The 1922 RSFSR currency series, of which this 3 Rouble note forms part, belongs to the chaotic interlude before the Soviet monetary reform of 1922–1924 consolidated the ruble and eventually introduced the chervonets as a gold-backed alternative. By this point the RSFSR had printed so many denominations in so many series that parallel issues, overlapping validity periods, and wholesale confusions between state credit notes and sovznaki were routine. This note circulated under those conditions.

The sovznaki series was ultimately demonetized during the 1924 reform at an exchange rate of 50,000 old rubles to one new gold-backed ruble — a ratio that tells you everything about what inflation had done.

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