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5 Chervontsev
| Issuer | State Bank of the USSR (Государственный Банк СССР) |
|---|---|
| Year | 1928 |
| Type | Log in to see details |
| Value | 5 Chervontsev = 50 Roubles |
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| Composition | Log in to see details |
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| Obverse description | Dark blue on light ground, unadorned typographic design dominated by the large cursive denomination inscription «Пять червонцев» in ornate calligraphic script across the centre. The State Bank of the USSR circular seal appears at lower left, flanked by serial numbers in red on both vertical margins. An elaborate guilloche rosette with the numeral «5» occupies the lower right corner, while the USSR State Emblem is printed at upper left. A block of fine-print text below the denomination states the gold-backing clause, with four manuscript signatures and the date 1928 above the printed board attribution «Правление». |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | Plain white reverse with a large faint watermark guilloche pattern incorporating the numeral «5» and ornamental scrollwork visible against the light ground, with no printed text or vignette. |
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| Comments |
The chervonets was reintroduced as a hard-currency instrument during the NEP period, formally backed by gold and foreign exchange — a deliberate architectural choice meant to stabilize Soviet finances after the hyperinflationary collapse of the early 1920s. By 1928, however, that convertibility was already being quietly abandoned as Stalin's industrialization drive reshaped monetary policy from the ground up.
Goznak had been the Soviet state's sole printing authority since 1919, inheriting the technical infrastructure of the Imperial Expedition for the Procurement of State Papers. The 1928 series was among the last chervonets notes printed before the denomination was effectively absorbed into the reformed ruble system of 1937.