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5 Kopecks Administration of Economic Enterprises

Issuer Administration of Economic Enterprises of VUTsIK (Управление Хозяйственными Предприятиями ВУЦИК)
Year 1923
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Currency Rouble (1917-1924)
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Reverse description The reverse is printed in lilac/pink ink on plain unadorned paper. A circular stamp impression at the centre bears the denomination numeral '5' in large figures flanked by the abbreviated inscriptions 'ЗОЛ.' and 'КОП.' on either side, enclosed within a circular border carrying additional Cyrillic text of the issuing authority.
Reverse lettering ЗОЛ. 5 КОП.
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Comments

VUTsIK — the All-Ukrainian Central Executive Committee — ran its own commercial enterprises during the NEP period, and this 5 kopeck note is a product of that brief experiment in quasi-autonomous Soviet institutional finance. These small-denomination scrip issues were produced to facilitate transactions within facilities directly administered by VUTsIK, circulating in a tightly bounded economic space rather than through any general monetary channel.

The Pick S-prefix classification is telling: this is regional and semi-official scrip, not a state banknote. Ukraine's NEP-era institutional currency is among the least-documented in Soviet notaphily, and P#S295 turns up infrequently in Western collections.

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