5000 Tengas Treasury

The Emirate of Bukhara issued paper currency only under extreme duress. By 1919, the emirate was caught between Bolshevik military pressure from the north and internal instability, and the treasury notes issued in this period were a stopgap measure by a government with months, not years, left to operate. The Red Army formally liquidated the emirate in September 1920.

These notes circulated in a region where the traditional silver tanga had been the trusted medium for centuries, and paper substitutes were met with deep public skepticism. High-denomination issues like this one were particularly prone to rejection at face value in local bazaars.