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5 Chervontsev
| Issuer | State Bank of the USSR (Gosbank) |
|---|---|
| Year | 1922 |
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| Currency | Soviet Republic (RSFSR) ‒ Rouble (1921-1923) |
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| Obverse description | The obverse is dominated by a large circular guilloche vignette at left centre incorporating the Cyrillic monogram «РСФСР» within an intricate multicolour underprint, surmounted by the Soviet state emblem. The denomination «ПЯТЬ ЧЕРВОНЦЕВ» is printed in large bold Cyrillic letters at upper right, with the numeral «5» in an ornate frame to the far right. Multiple columns of statutory text in Cyrillic script fill the lower portion of the note, accompanied by the date «1922» and manuscript signatures of Gosbank officials below the heading «Правление Государственного Банка». |
|---|---|
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| Reverse description | The reverse is essentially plain, printed on white paper with virtually no design elements. A perforated cancellation reading «ОБРАЗЕЦ» (Specimen) runs vertically along the right side of the note, and a perforated serial number appears at upper left, indicating this is a specimen example. |
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| Comments |
The chervonets was introduced in late 1922 as the hard-currency anchor of the NEP monetary reform — theoretically backed 25% by gold and precious metals, the remainder by short-term commercial obligations. The 5-chervonets denomination was the largest issued in this inaugural series, intended for large-scale commercial transactions rather than retail use. Gosbank structured the whole series explicitly to restore confidence after the catastrophic hyperinflation of the sovznak period, when prices doubled weekly.
Printed by Goznak, Moscow. The series was demonetized in 1947 during the Soviet currency reform, which wiped out much of what had survived in private hands.