3 Roubles Grozny - Azov-Don Commercial Bank

The Azov-Don Commercial Bank was one of the largest commercial banks in pre-revolutionary Russia, with its main office in Rostov-on-Don and branches across the Caucasus. The Grozny branch issued emergency fractional notes in 1918 amid the near-total collapse of currency supply in the North Caucasus — a region simultaneously contested by Bolshevik forces, the Volunteer Army, and local nationalist governments. Commercial banks, oil companies, and municipal bodies all printed their own obligations that year, and Grozny, as a significant oil-producing center, had enough commercial infrastructure to sustain the practice briefly.

The Azov-Don Bank itself was nationalized by Soviet decree in late 1917, making this 1918 branch issue something of a legal anomaly — produced by an institution that had already been formally dissolved at the national level.