Catalog
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| Issuer | Russian Government - Armed Forces of South Russia |
|---|---|
| Year | 1920 |
| Type | Local banknote |
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| Obverse description | Oval vignette at left with a helmeted female head in classical style, the numeral 50 in large format below the vignette. To the right, text block in Cyrillic carries the title inscription and denomination in bold letterpress, with two manuscript signatures of the heads of Finance Administration and Credit Department below. A small circular vignette at lower right contains St. George on horseback. Ornate scrollwork borders frame the entire composition in blue-grey intaglio. |
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| Reverse lettering | ПЯТЬДЕСЯТ РУБЛЕЙ 50 |
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| Comments |
The Armed Forces of South Russia — Denikin's command, and briefly Wrangel's after April 1920 — issued this note as part of a parallel monetary system running alongside Bolshevik currency across contested territory. The South Russian ruble was chronically overprinted, backed by nothing beyond territorial control that was visibly collapsing by late 1920. Wrangel's evacuation from Crimea in November 1920 effectively ended any pretense of redemption, leaving enormous quantities of these notes worthless almost overnight.
Surviving examples are common; the notes circulated hard and fast in a shrinking geography.