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850 Roubles 5% Freedom Loan Debenture Bond - Type 1

发行方 Rostov-on-Don Office of the State Bank (Russia - Civil War issues)
年份 1917-1918
类型 Local banknote
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正面铭文 (round stamp) Ростовская на Дону Контора Государственного Банка (rectangular stamp) Настоящая облигация выпущена Ростовской Конторой Государственного Банка в качестве денежного знака по курсу 85 рублей за 100 номинальных с присоединением %-въ по текущему купону
(Translation: (round stamp) Rostov on Don Main Office of the State Bank (rectangular stamp) This bond is issued by the Rostov Office of the State Bank as a banknote at the rate of 85 roubles per 100 nominal with the addition of interest on current coupon.)
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防伪类型 Watermark
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The Freedom Loan (Zaём Svobody) was launched by the Provisional Government in spring 1917 — an attempt to keep Russia financially solvent and militarily engaged while the entire state apparatus was disintegrating around it. The 5% debenture bonds were issued in multiple denominations partly because the government lacked the infrastructure to produce proper banknotes fast enough, and cut bond sheets began circulating as de facto currency almost immediately.

The Rostov-on-Don State Bank office began issuing these during the Civil War period, when the Don region was contested between Red and White forces. That institutional ambiguity — Provisional Government paper being used under successive, incompatible regimes — is why the same physical note sometimes bears multiple validation marks from different administrations.

Type 1 designation distinguishes it from later printings with revised plate characteristics.

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