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5 Chervontsiv

Issuer Emissionsbank in der Ukraine
Year 1941
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Value 5 Chervontsiv (0.05)
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Obverse description Brown note with an overall fine guilloche underprint. The large numeral '5' appears in an ornate cartouche at right, while the denomination text ПЯТЬ ЧЕРВОНЦЕВ is printed in bold Cyrillic letterpress across the centre. A serial number appears at upper centre, flanked by rosette ornaments, and the issuer inscription ЭМИССИОННЫЙ БАНК is placed at the bottom, with the place and date of issue 'Киев 1941' above it.
Obverse lettering ПЯТЬ ЧЕРВОНЦЕВ
Издаnno на основании положения об эмиссионном банке
Киев 1941
ЭМИССИОННЫЙ БАНК
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Comments

The Emissionsbank in der Ukraine was established by the German occupation administration in 1942 — which makes a 1941 date on this note worth scrutiny. The bank did not formally begin operations until after its founding decree, and notes bearing earlier dates may reflect either pre-operational printing batches or dating conventions that did not align with actual issue.

Production in Kyiv under occupation conditions was constrained and closely controlled by the Reichskommissariat Ukraine. The chervonets denomination itself was a deliberate borrowing from Soviet monetary terminology, a calculated choice to ease acceptance among a population already familiar with the unit.

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