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Gatalogues
2020-11-19 Other articles >

50 rubles of the 1923 model.

Bills without the name of the issuing country


The course for the transition to the NEP, adopted in March 1921 by the X Congress of the RCP (b), could not but affect the appearance of what by that time was called 'settlement signs of the R. S. F. S. R.': since 1922, the phrase 'state monetary sign'appeared on the front side of Soviet banknotes.

Legalizing money as a concept did not mean recreating real money: the first step was to curb galloping inflation.
The first step in this direction taken by the Bolsheviks is the fight against zeros on banknotes, i.e., the denomination of the ruble. In 1922, 10,000 rubles of old money was exchanged for 1 ruble of new Soviet money, which was no longer ashamed to be called 'state banknotes'.
The Bolsheviks were fully aware that the untwisted flywheel of inflation can not be immediately curbed: it is by nature ruthless in relation to 'money signs' to the same extent as to 'settlement signs'. This is probably why the next issues of now 'monetary' signs were considered temporary in nature-until the real stabilization of circulation on the basis of the gold standard that followed in 1924.
And everything temporary has its own specifics.

1923 was marked by 2 regular - again temporary-issues of 'state banknotes'. The first issue had small denominations - 1 ruble, 5 rubles, 10 rubles, 25 rubles, 50 rubles and 100 rubles. the second issue covered not only the above – mentioned denominations, but also included large denominations-250 rubles, 500 rubles, 1,000 rubles and 5,000 rubles.
We take my 50-ruble bill of the second issue of the 1923 AD-407 series and read what was deemed necessary to print on it:
name money 'public money' - a;
face value - 'fifty rubles' - present, even with excess: figures 13 times and 1 time the word;
provide issue - 'are provided with all property of the Republic' - frankly, not the most liquidity provision after the civil war;
user information: 'banknotes 1923 obligatory for acceptance for all according to the calculation established in respect of banknotes of the previous samples by a decree of October 24, 1922' - rather than the info and link, just for the bill not to click;
signed 'the people's Commissar of Finance' – G. Sokolnikov;
signature 'Cashier' - M. Kozlov;
the name of the issuing country – NOT!
True, there is a coat of arms in the very center of the front side of the bill, but without using additional optics, you can only see its General contours – a hammer and sickle and ears, to read the name of the state on it – R. S. F. S. R.-you will have to take a magnifying glass with at least 7 times magnification.

Banknotes issued in 1923 without the Issuer's designation did not travel around the country for long – until may 31, 1924. And the country itself since 1923. already went to the stabilization of  monetary circulation called the Soviet Union, which managed to appear on the latest releases, pre-reform rubles nominal value of 10 000, 15 000 and 25 000 rubles 1923 specimen

PS Born in 1923 the Minister of Finance Sokolnikov son Maxim was recorded in the metrics under the name of pure: because the Creator of the upcoming stabilization of the ruble noted the introduction of the new currency – the gold piece. For the Minister himself, the name 'Sokolnikov' was the party nickname of a professional revolutionary – his real name was Brilliant.

50 рублей образца 1923 г.

50 руб. 1923 г.

Country : Р.С.Ф.С.Р.
Value : 50 рубль
Year : 1923
Quantity :
Issuer :
Series :
Valid from :
Valid till :
Cancelled :

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