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5 Roubles North Russia - Chaikovskiy Government

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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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.

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