Russia 1920 β Armed Forces of South Russia 100,000 Rubles Treasury Bill (November Issue, Pick S431c)
Six-percent short-term Treasury bill for 100,000 rubles issued by the Government Treasury of the Armed Forces of South Russia during the final phase of the Russian Civil War. This is the November 15, 1920 payable issue (Pick S431c), printed after General Pyotr Wrangel transferred the White administration to Crimea. The note follows the classical Imperial layout: bilingual RussianβFrench legends, the double-headed eagle in an ornate oval cartouche at left, and a formal typographic bond structure intended to signal continuity with pre-1917 state finance. ... Read more β
RussiaTreasury Bond Note1920100,000 Rublesβ Treasury Bill100000 RublesFiscal DocumentHigh-Value DenominationGovernment ObligationBond IssueImperial EaglePick S431cRussian Civil WarWhite MovementArmed Forces of South RussiaWrangel GovernmentCrimea AdministrationCollapse of White RussiaEmergency FinanceExile Government HistoryTransitional Fiscal SystemsAnti-Bolshevik AdministrationRussiaCrimeaSimferopol1920Museum GradeR6 Extremely Rare