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500 Roubles - Perforated North Russia - Chaikovskiy Government

Issuer Government of the Northern Region (Chaikovskiy Government)
Year 1919
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Value 500 Roubles
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Reverse description Dense letterpress text in Russian within a fine guilloche border, setting out the full regulations (Положение) governing State Treasury bond series No. CDLXXII (472). The heading identifies the bond series and number, followed by ten numbered clauses covering term, income, payment conditions, and redemption procedures. Below the main text block, a bold line states that interest accrues from 1 August 1915, and the final line identifies the series in Cyrillic as СЕРІЯ CDLXXII (ЧЕТЫРЕСТА СЕМЬДЕСЯТ ВТОРАЯ). Denomination numerals 500 appear in guilloche cartouches at the upper corners.
Reverse lettering Положение о разряде (серии) билетов Государственного Казначейства за № CDLXXII (472)
ПРОЦЕНТЫ НАЧИСЛЯЮТСЯ С 1 АВГУСТА ТЫСЯЧА ДЕВЯТЬСОТ ПЯТНАДЦАТАГО ГОДА.
СЕРІЯ CDLXXII (ЧЕТЫРЕСТА СЕМЬДЕСЯТ ВТОРАЯ)
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The Chaikovskiy Government — formally the Supreme Administration of the Northern Region — issued this note from Arkhangelsk after British and Allied forces landed in August 1918 to support anti-Bolshevik resistance. Nikolai Chaikovskiy, the elderly Socialist Revolutionary who nominally led it, had little real authority; the Allies controlled much of the military and financial apparatus. These notes were essentially occupation currency dressed in Russian administrative clothing.

The perforation security feature on S180 is the distinguishing characteristic of this specific emission — applied to differentiate authorized notes from earlier unperforated stocks circulating simultaneously in the region.

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