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5 Gold Roubles Transport Certificate
| Issuer | Народный Комиссариат Финансов (People's Commissariat of Finance) |
|---|---|
| Year | 1923 |
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| Value | Log in to see details |
| Currency | Rouble (1924-1958) |
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| Obverse description | Central vignette bears the large Cyrillic numeral «5» within an oval guilloche frame, below which the denomination РУБЛЕЙ ЗОЛОТОМ (Roubles in Gold) is printed in bold letterpress. The Soviet state emblem appears at upper centre, flanked by a crossed axe and anchor device at upper right and the series and serial number at upper left and right. A detailed intaglio vignette of a steam locomotive hauling a train runs across the lower portion of the note, beneath two blocks of Russian text setting out the terms and validity of the certificate, with two facsimile signatures of the People's Commissars of Transport and Finance. |
|---|---|
| Obverse lettering | ТРАНСПОРТНЫЙ СЕРТИФИКАТ ПЯТЬ РУБЛЕЙ ЗОЛОТОМ ПО ОФИЦИАЛЬНОМУ КУРСУ Серия 16. №3107012 1923 г. Настоящее беспроцентное заемное обязательство НКПС действительно до 1-го мая 1924 года. Погашение заемных ТРАНСПОРТНЫХ СЕРТИФИКАТОВ обеспечивается всеми доходами железных дорог и водного транспорта и гарантией Народного Комиссариата Финансов. Народный Комиссар Путей Сообщения Народный Комиссар Финансов |
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| Comments |
The 1923 gold rouble transport certificates were issued by Narkomfin as the Soviet government scrambled to stabilize exchange alongside the newly introduced chervonets. These certificates were denominated in gold roubles — a unit of account pegged to pre-revolutionary gold parity — not in the collapsing sovznaki that were hemorrhaging value by the week. The intent was to give railway freight operators and state enterprises a hard-currency instrument without actually disbursing specie.
The "transport" designation is literal: these notes were specifically tied to settlement of rail freight charges, a deliberate policy choice to bring order to one of the most economically critical and chaotic sectors of the early NEP economy. Circulation outside that channel was theoretically restricted, though enforcement was inconsistent.