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| Issuer | Provisional Government of the Northern Region (Chaikovskiy Government) |
|---|---|
| Year | 1919 |
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| Currency | Rouble (1917-1924) |
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| Obverse lettering | СѢВЕРНАЯ РОССІЯ ГОСУДАРСТВЕННЫЙ КРЕДИТНЫЙ БИЛЕТЪ ПЯТЬ РУБЛЕЙ ГОСУДАРСТВЕННАЯ ЭМИССИОННАЯ КАССА РАЗМѢНИВАЕТЪ КРЕДИТНЫЕ БИЛЕТЫ НА ФУНТЫ СТЕРЛИНГОВЪ БЕЗЪ ОГРАНИЧЕНІЯ СУММЫ ПО КУРСУ 40 РУБ. = 1 ФУН. СТЕРЛИНГОВЪ. |
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| Reverse lettering | ПЯТЬ РУБЛЕЙ 1. РАЗМѢНЪ ГОСУДАРСТВЕННЫХЪ КРЕДИТНЫХЪ БИЛЕТОВЪ НА ФУНТЫ СТЕРЛИНГОВЪ ОБЕЗПЕЧИВАЕТСЯ ВСѢМЪ ДОСТОЯНІЕМЪ ГОСУДАРСТВА И ОСОБЫМИ НЕТРОНУТЫМИ ЗАГРАНИЧНЫМИ ЗАПАСАМИ НАХОДЯЩИМИСЯ ВЪ АНГЛІЙСКОМЪ БАНКѢ. 2. ГОСУДАРСТВЕННЫЕ КРЕДИТНЫЕ БИЛЕТЫ ИМѢЮТЪ ХОЖДЕНІЕ НАРАВНѢ СЪ ЗОЛОТОЮ МОНЕТОЮ. 3. ЗА ПОДѢЛКУ КРЕДИТНЫХЪ БИЛЕТОВЪ ВИНОВНЫЕ ПОДВЕРГАЮТСЯ ЛИШЕНІЮ ВСѢХЪ ПРАВЪ СОСТОЯНІЯ И ССЫЛКѢ ВЪ КАТОРЖНУЮ РАБОТУ. |
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| Comments |
The Provisional Government of the Northern Region — commonly called the Chaikovskiy Government after its Socialist-Revolutionary leader Nikolai Chaikovskiy — controlled Arkhangelsk under Allied military protection from 1918. These notes were issued as the White administration struggled to maintain a functioning economy in a territory dependent on British logistical support and deeply exposed to Bolshevik military pressure from the south.
The government collapsed in 1920. Notes from this series rarely show heavy circulation wear — not because they were preserved carefully, but because the regime's geographic reach was narrow and its lifespan short.