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| 正面描述 | Dark brown on brown and red underprint with swastika guilloche pattern at centre. The face bears the title ГОСУДАРСТВЕННЫЙ КРЕДИТНЫЙ БИЛЕТЪ (State Credit Note) in bold letterpress at top, with the denomination ДЕСЯТЬ ТЫСЯЧЪ РУБЛЕЙ (Ten Thousand Roubles) displayed prominently in large numerals flanked by ornate scrollwork vignettes. Two manuscript signatures appear below a brief redemption text, with the serial number and date 1918 completing the design within a fine geometric border. |
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| 背面描述 | Pink and green multicolour print centred on a double-headed eagle vignette set within an elaborate guilloche rosette, flanked on each side by large numeral 10000 within ornate cartouches above and below the inscription РУБЛЕЙ. A fine repeating geometric border frames the entire design, with a cautionary anti-counterfeiting legend running along the lower centre. |
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The Russian State Bank's 1918 high-denomination issues emerged from genuine institutional collapse. By mid-1918, the Bolshevik government was printing at extraordinary volume to cover expenditures it could not fund by taxation or borrowing — the 10,000 Rouble note was a direct consequence of inflation that had been accelerating since 1916 and went essentially unchecked after the October Revolution. The State Bank itself was nationalized in December 1917, reducing it to a printing arm of the new government rather than a functioning central bank.
The series was printed domestically, as pre-war reliance on foreign printers — particularly the American Bank Note Company for earlier Imperial issues — had become impossible under wartime and then revolutionary conditions.