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300 Tengas Treasury

Issuer Emirate of Bukhara
Year 1919
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Reference(s) P#5
Obverse description The obverse is printed in multiple colours on plain paper within a red rectangular border, with an arched central vignette containing a faint yellow crescent and star watermark-style device at centre. Two dark panels with Arabic script appear at upper left and upper right, flanked by blue stamp-style cartouches with value inscriptions. The lower portion carries the serial number in Eastern Arabic numerals on each side, with a cluster of small denomination and text blocks in blue, red, and green arranged symmetrically across the lower field.
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Reverse description The reverse is printed in red, blue, and green on plain paper, with a decorative arch and interlaced geometric framework as the central design. Two large oval cartouches in green at left and right carry Arabic inscriptions, flanked by smaller rectangular text panels. The denomination 300 appears in blue at all four corners, and two Cyrillic text blocks in grey-green occupy the lower centre field.
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The Emirate of Bukhara's paper currency was a brief and chaotic experiment. Emir Alim Khan introduced these treasury notes in 1919 as his government came under increasing pressure from Bolshevik forces — the Red Army would depose him entirely in September 1920. The emission was as much a political act as a fiscal one, asserting sovereign financial apparatus at precisely the moment that apparatus was disintegrating.

The 300 Tenge denomination sits at the high end of this series, and surviving examples are genuinely scarce. Most notes from this issue circulated hard in a destabilized economy with no redemption mechanism ever put into practice.