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50 Kopecks Ekaterinburg

Issuer Ekaterinburg Branch of the State Bank
Year 1918
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Shape Rectangular
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Obverse description At the upper centre, a double-headed eagle vignette is flanked by ornate scrollwork corner devices, with the numeral '50' repeated in each upper corner. The central field carries a large guilloche underprint bearing the denomination '50' in outline, overlaid with three lines of Cyrillic text identifying the issuing branch. The design is executed in dark olive-green and ochre tones on a pale ground.
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Reverse description The reverse consists of a textual panel enclosed within a simple ruled rectangular border, carrying an extract from the decree of 21 October 1918 in pre-reform Cyrillic script. The text specifies that the exchange marks are secured by a dedicated fund of 5% State Treasury obligations held at the Ekaterinburg Branch of the State Bank, with a warning against counterfeiting appearing at the foot of the panel.
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Comments

The Ekaterinburg branch of the State Bank began issuing its own local currency in 1918 as the Bolshevik government's grip on the Urals deteriorated and central supply of banknotes collapsed entirely. Ekaterinburg was then a focal point of the Russian Civil War — the city where Nicholas II and his family were shot in July 1918, weeks before White Army forces under the Siberian Provisional Government captured it in late July. These small-denomination notes were emergency instruments issued in the chaos between those two events.

The series is known to exist with varying quality of impression, a direct consequence of hasty local production under wartime conditions.

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