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5 Roubles Pskov

Issuer Pskovskoe Obshchestvo Vzaimnago Kredita (Pskov Mutual Credit Society)
Year 1918
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Value 5 Roubles
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Obverse lettering БАНКОВЫЙ РАЗМѢННЫЙ БИЛЕТЪ
5 РУБЛЕЙ
Председатель
Директора
Reverse description Green and brown note with a large central guilloche vignette bearing the numeral '5', flanked by two text panels in Cyrillic with conditions of issue. The heading ПСКОВСКОЕ ОБЩЕСТВО ВЗАИМНАГО КРЕДИТА is printed across the top. Below the central vignette the denomination ПЯТЬ РУБЛЕЙ appears in bold letterpress, and a further line of small text at the bottom states the circulation terms.
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Comments

The Pskov Mutual Credit Society was one of dozens of provincial cooperative credit institutions that began issuing their own scrip during 1918 as the Bolshevik nationalization of banking severed normal currency supply lines to outlying towns. These were not emergency military notes — they were quasi-commercial instruments, issued by a civilian lending cooperative trying to keep local trade moving when Petrograd-issued currency simply wasn't reaching Pskov in sufficient quantity.

Pskov itself was occupied by German forces from February to November 1918 under the Treaty of Brest-Litovsk, a fact that complicates any straightforward reading of this note's circulation history. Whether it circulated under occupation or was issued in the brief window after German withdrawal is worth establishing before attributing a clean provenance.

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