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500 Roubles
| Issuer | Khorezm People's Soviet Republic |
|---|---|
| Year | 1920 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Rouble (1920-1925) |
| Composition | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | РУБЛЕЙ 500 РУБЛЕЙ |
| Reverse description | Log in to see details |
| Reverse lettering | 500 |
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| Comments |
Khorezm — the former Khanate of Khiva — declared itself a People's Soviet Republic in April 1920 after Red Army forces deposed the last khan, Sayyid Abdullah. Currency was an immediate problem. The new government had no printing infrastructure and issued notes on silk fabric, a locally available material with practical advantages in a region where cotton and silk were basic commodities rather than luxury goods.
The silk composition is not an affectation. It reflects genuine material scarcity and the improvisational economics of a state that existed for only three years before being absorbed into the Soviet system in 1923.