5 000 000 Roubles Banque Nationale de Géorgie

Georgia's national bank issued this note during one of the most chaotic monetary episodes in Caucasian history. By 1922, the Georgian Democratic Republic had already fallen to Soviet forces — the Red Army took Tiflis in February 1921 — and the continued issuance of Georgian notes into 1922 reflects the administrative lag of monetary transition rather than any functioning independence.

The denomination itself tells the story: five million roubles was a symptom of runaway inflation that consumed the entire region in the early 1920s, driven by wartime destruction and Soviet monetary policy inherited from the Russian collapse.