Catalog
50 Roubles
| Issuer | Russian State Treasury (Государственное Казначейство) |
|---|---|
| Year | 1915 |
| Type | Emergency banknote |
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|---|---|
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| Reverse description | Brown on pale green underprint. The entire field is occupied by ten numbered clauses of the conditions of issue in pre-reform Russian Cyrillic letterpress text, headed 'Положенія о разрядѣ (серіи) билетовъ Государственнаго Казначейства за № CDLXVII (467)'. A bold line at the foot states the interest accrual date and below it the series designation in full capital letters. The note is framed by the same guilloche ornamental border as the obverse, with '50' numeral devices at each corner. |
| Reverse lettering | Положенія о разрядѣ (серіи) билетовъ Государственнаго Казначейства за № CDLXVII (467) ПРОЦЕНТЫ НАЧИСЛЯЮТСЯ СЪ 1 АВГУСТА ТЫСЯЧА ДЕВЯТЬСОТЪ ПЯТНАДЦАТАГО ГОДА. СЕРІЯ CDLXVII (ЧЕТЫРЕСТА ШЕСТЬДЕСЯТЪ СЕДЬМАЯ) |
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| Comments |
The 1915 State Treasury notes were a direct response to the wartime coin hoarding that had stripped small change from circulation almost entirely by mid-1914. These Treasury issues — printed by the Expedition for the Preparation of State Papers, the predecessor institution to what became Goznak — were not banking instruments in the conventional sense but effectively served as state obligations backed by nothing more than the government's increasingly strained credit.
By 1915 the Expedition was operating under severe pressure, producing currency for a war economy hemorrhaging silver and copper. P#53 belongs to a series that would be rendered nearly worthless within three years by the inflationary spiral following the February Revolution.