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5 Roubles Pskov

Issuer Pskovskoe Obshchestvo Vzaimnago Kredita (Pskov Mutual Credit Society)
Year 1918
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Shape Rectangular
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Obverse lettering БАНКОВЫЙ РАЗМѢННЫЙ БИЛЕТЪ
5 РУБЛЕЙ
Председатель
Директора
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Reverse lettering ПСКОВСКОЕ ОБЩЕСТВО ВЗАИМНАГО КРЕДИТА
ПЯТЬ РУБЛЕЙ
Выпущенные разменные билеты обеспечены в полной сумме государственными кредитными знаками, хранящимися в Обществе.
Билеты обмениваются в Обществе на государственные кредитные знаки равного достоинства на неограниченную сумму.
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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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