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3 Roubles Grozny - Volga-Kama Commercial Bank
| Issuer | Volga-Kama Commercial Bank, Grozny Branch |
|---|---|
| Year | 1918 |
| Type | Log in to see details |
| Value | 3 Roubles |
| Currency | Log in to see details |
| Composition | Log in to see details |
| Size | Log in to see details |
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| Printer | Log in to see details |
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| Engraver(s) | Log in to see details |
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| Obverse description | Plain letterpress cheque format within a typographic border with ornamental corner devices. The issuer name and branch are set in large Cyrillic type at centre, with the denomination RUB. 3.- to the right and the bearer clause below. A perforated denomination punch and two ink cancellation stamps are present across the face. |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | Log in to see details |
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| Signature(s) | Log in to see details |
| Protection type | Perforation |
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| Comments |
The Volga-Kama Commercial Bank was one of Russia's larger joint-stock banks before the Bolshevik nationalization decree of December 1917. Its Grozny branch issued emergency fractional notes in 1918 because the collapse of central supply lines left the North Caucasus almost entirely without small-denomination coin or reliable state currency — a problem acute enough that commercial banks, cooperatives, and even individual enterprises began printing their own scrip across the region.
Perforation as the sole security feature was a practical choice under wartime conditions: no specialist equipment, no chemical knowledge required to verify it. Grozny itself changed hands repeatedly between Red and White forces through 1918–1919, and most locally issued paper from this period was repudiated or simply abandoned as each successive authority imposed its own currency regime.