50 Roubles Kherson

The Armed Forces of South Russia — Denikin's White Army administration — relied on a patchwork of regional issuing bodies to fund operations and pay suppliers as they pushed northward in 1919. The Kherson Provincial Plenipotentiary of the Food Supply Directorate was one such body: a procurement authority, not a bank, issuing scrip to facilitate grain and goods requisitioning rather than general commerce. Printing was handled in Odessa, the main White-controlled port and administrative hub on the Black Sea coast.

By late 1919 the entire currency system underpinning Denikin's administration was collapsing alongside his military campaign. Notes like this one often circulated for only weeks before the front shifted and local acceptance evaporated entirely.