50 Roubles

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Mô tả mặt sau	Brown intaglio print on cream paper with a pale salmon-pink guilloche underprint forming a large central oval. The central field carries the Armenian word for roubles in bold stylised lettering over an intricate lathe-work rosette, flanked by two hexagonal medallions each bearing the numeral 50. The entire composition is enclosed within densely engine-turned scrollwork borders and a multi-tiered ornamental outer frame, with the printer's imprint at the foot.
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Loại bảo an	Watermark
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Ghi chú	Armenia's 1919 note issues were produced under extraordinary circumstances — the republic, formally recognized by the Allied powers but perpetually under military pressure from both Ottoman forces and the nascent Soviet state, needed circulating currency fast. Waterlow & Sons handled the contract from London, far from any immediate oversight, which was itself a political statement about where the young republic pinned its diplomatic hopes. The P#30 series includes a watermark, relatively modest security for a Waterlow production of the period, suggesting cost constraints or urgency in procurement. Armenian independence lasted only until late 1920.