50 Roubles Socialist Soviet Republic of Armenia - Aleksandropol

Aleksandropol — now Gyumri — was briefly the second city of Soviet Armenia, and this note dates to a period of administrative chaos following the collapse of the Transcaucasian Federation. The Aleksandropolsky Gorodskoy Obshchestvennyy Bank was a municipal institution issuing emergency scrip out of practical necessity rather than any monetary policy — central authority had effectively dissolved, and local commerce needed something to function on.

Printed locally under wartime conditions, the production quality reflects those constraints. The city itself fell under Turkish occupation in late 1920 following the Ottoman–Armenian War, which terminated the issuing authority entirely. Notes that survived that period did so largely by chance.