1 ruble of the sample of 1898 with a perforation: punched either by a bank, or by a lazy person, or by a crook
From August 1918 to February 1920, an independent territorial entity with an administrative center in Arkhangelsk – the Northern Region-existed in the north of the European part of Russia.
Political power was in the hands of the VUSO-the Supreme Administration of the Northern Region, which was headed by a former deputy of the All-Russian Constituent Assembly, N. V. Tchaikovsky, who was hostile to the Bolsheviks.
The Bolsheviks, who hastily left Arkhangelsk in early August 1918, took with them the entire stock of cash for 93 million rubles in the form of checks of the Arkhangelsk branch of the State Bank, the so – called walruses, that were not put into circulation.
To eliminate the shortage of cash, the VUSO had not only to legalize the walruses that were in the hands of the population, which had a facsimile signature of a hostile meaning - 'Commissar Dmitriev', but also to allow other banknotes to enter the territory of the Northern Region, which had to be pre-perforated with the inscription GBSO (State Bank of the Northern Region).