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500 Tengas / Tingov = 100 Rubles

Issuer Bukhara Emirate Treasury
Year 1918
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Value 500 Tengas
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Reverse description Pale cream and red fabric note with a large central circular frame enclosing Arabic-script text; the Cyrillic inscription ПЯТЬ СОТЪ ТИНГОВЪ (Five Hundred Tingov) is printed in the lower portion of the circle. The denomination 100 р. appears twice in the upper field flanking the central design, and four corner roundels carry Arabic legends matching those on the obverse. Additional handwritten or stamped Arabic notations appear in the margins.
Reverse lettering ПЯТЬ СОТЪ ТИНГОВЪ
100 р.
100 р.
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Comments

The Bukhara Emirate's 1918 issues were printed locally under conditions of acute political pressure — the emirate was caught between the collapsing Russian imperial order and the advancing Bolshevik forces that would eventually depose Emir Alim Khan in 1920. These treasury notes were a last-ditch attempt to maintain a functioning internal economy as outside monetary systems disintegrated around the emirate.

The tenge-to-ruble conversion printed on the face reflects the awkward monetary reality: Bukharan traditional denominations had to be reconciled with Russian ruble circulation that had already penetrated the protectorate economy for decades. Local cotton paper was used precisely because supply chains for European-quality banknote stock had broken down entirely by this point.

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