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| 正面铭文 | ЭРИВАНСКОЕ ОТДЕЛЕНИЕ ГОСУДАРСТВЕННАГО БАНКА Специальный тек. счет Правительства Республики Армении Сер. А № 0242 Эривань, Августа 1919 года РУБ. 500 РУБ. Предъявитель сего имеет получить из Эриванского Отделения Государственного Банка пятьсот рублей Министр-Председатель Министр Финансов |
| 背面描述 | Grey-blue reverse with a large central guilloche vignette incorporating the numeral 500 in watermark-style underprint, enclosed within decorative scroll-work and cross-motif corner ornaments. A Cyrillic text block across the upper portion states that the cheque is accepted by the Erivan Branch of the State Bank and is payable from 15 January 1920. Three manuscript signatures appear below, attributed to the Manager of the Erivan Branch of the State Bank, the Controller, and the Cashier respectively. |
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Armenia's brief period of independence between 1918 and 1920 produced a fragmented and chaotic currency situation. The Armenian Republic lacked a functioning central bank with any real printing capacity, and notes issued through the Yerevan Branch of the Government Bank drew heavily on Transcaucasian monetary infrastructure that had itself barely survived the collapse of the Russian Empire. The 500 Rouble denomination was among the higher-value notes in circulation — which, given the severe inflation ravaging the region, still bought very little by the time most examples passed through hand to hand.
Soviet forces occupied Yerevan in late November 1920, ending the republic. Notes of this series were demonetized and replaced almost immediately.