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| 背面描述 | Plain reverse with a formal acceptance inscription in Cyrillic stating that the cheque has been accepted by the Erivan Branch of the State Bank and is payable by the Branch Bank from 15 November 1919. Three manuscript signatures appear below, attributed to the Manager of the Erivan Branch of the State Bank, the Controller, and the Cashier, with their respective titles printed in Cyrillic. |
| 背面铭文 | Настоящий чек акцептован Эриванским Отделением Государственного Банка и подлежит оплате Отделением Банк с 15 ноября 1919 года. Управляющий Эриванским Отдл. Государственного Банка Контролер Кассир |
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This note was issued by the short-lived First Republic of Armenia, which declared independence in May 1918 and collapsed under Soviet pressure in December 1920. The Yerevan Branch of the Government Bank operated under extraordinary conditions — the republic was simultaneously fighting border wars with Georgia, Azerbaijan, and Turkey while managing near-total economic collapse and a refugee catastrophe following the Armenian Genocide.
Armenian banknotes of this period were printed locally under severe material constraints, and the 500 Rouble denomination reflects runaway inflation rather than any deliberate monetary architecture. The series is notably crude by contemporary standards — a direct consequence of the absence of established printing infrastructure in Yerevan at the time of issue.