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| 正面描述 | Imperial double-headed eagle vignette at upper centre, flanked by serial number panels reading «№081950» on both sides. The face bears the heading «Государственный 5½% Военный-Краткосрочный Заём 1915 года» (State 5½% Short-Term War Loan of 1915) with a nominal capital inscription of 1,000,000,000 roubles. Central bearer bond denomination «Облигація въ Пятьсотъ Рублей на предъявителя» (Bond for Five Hundred Roubles to the Bearer) is printed in large Cyrillic letterpress type, with a dense block of terms and conditions text below, the whole set within a decorative guilloche border frame. |
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| 正面铭文 | Государственный 5½% Военный-Краткосрочный Заёмъ 1915 года на нарицательный капиталъ 1.000.000.000 рублей. Облигація въ Пятьсотъ Рублей на предъявителя. |
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The Kama Region 500 Roubles belongs to a series of short-term war loan obligations — not banknotes in the conventional sense — issued by the Imperial Russian government to finance operations during the First World War. These instruments functioned as interest-bearing bonds that circulated as currency by necessity, a practice that became increasingly common as the strain of wartime expenditure gutted conventional monetary reserves.
The Kama designation refers to the issuing district authority rather than a separate monetary jurisdiction. Regional attribution within this series can cause confusion; Pick S908 is among the less frequently encountered Kama issues, which likely reflects lower original print runs rather than exceptional attrition during the post-1917 upheaval when most Imperial paper was systematically withdrawn or destroyed by Soviet authorities.