目录
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| 正面铭文 | БИЛЕТЪ ГОСУДАРСТВЕННАГО КАЗНАЧЕЙСТВА ВЪ ПЯТЬДЕСЯТЪ РУБЛЕЙ Управляющiй Государственной коммиссiей погашенiя долговъ Директоръ Бухгалтеръ Билетъ дѣйствителенъ по 1 Августа 1928 г. (Translation: NOTE OF THE STATE TREASURY FOR FIFTY ROUBLES Manager of the State Debt Commission for Debt Redemption Director Accountant This note is valid until the 1st of August, 1928.) |
| 背面描述 | Brown intaglio print on pale underprint, the face occupied entirely by a dense block of small Cyrillic text setting out the regulations governing the use and redemption of State Treasury notes of series CDXLIV (444). The text is arranged in ten numbered clauses under a bold heading, with ornamental corner vignettes repeating the numeral 50 and a final line at foot stating the interest accrual date and the series designation in full. |
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This note belongs to the last peacetime series issued under the Imperial Russian Treasury before the First World War shattered the currency system. The 1914 date is deceptive — the Russo-Japanese War and the 1905 revolution had already strained state finances badly, and by 1914 Russia's convertibility to gold was increasingly nominal rather than real. When war was declared, the government immediately suspended gold redemption and began printing heavily. Notes from this series entered circulation alongside rapidly depreciating companions.
The nearly square format is unusual for a denomination of this size and reflects the Treasury's in-house production practices rather than the output of a foreign security printer.