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| 正面描述 | Black text on yellow-green underprint. The upper portion carries bilingual headings in Armenian and Russian, reading «ЭРИВАНСКОЕ ОТДЕЛЕНИЕ ГОСУДАРСТВЕННАГО БАНКА» (Erivan Branch of the State Bank) with a note that this constitutes a special current account of the Government of the Republic of Armenia. The denomination «100» is printed in large bold numerals to the right, with series and number designation («Сер. С. 15 № 110»), place and date of issue («Эриванъ, Августъ 1919 г.»), and two manuscript signatures of the Minister-Chairman and the Acting Minister of Finance at the foot of the note. |
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| 背面描述 | Plain light ground carrying a Russian-language acceptance text in letterpress, stating that the present cheque has been accepted by the Erivan Branch of the State Bank and is subject to payment by the Branch of the Bank from 15 November 1919. Three manuscript signatures appear below the text, attributed to the Manager of the Erivan Branch of the State Bank, the Controller, and the Cashier respectively. |
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The Armenian Republic government issued this note during one of the most compressed and violent periods of state formation in the twentieth century — the republic existed independently for only about two years before Soviet incorporation in late 1920. Currency production was improvised throughout, with Yerevan operating as both capital and de facto financial center under near-constant military pressure from Ottoman, Azerbaijani, and eventually Red Army forces.
The Government Bank designation here is something of an overstatement for what was functionally a treasury printing operation struggling with severe paper and ink shortages. Condition problems in this series are endemic — paper quality was inconsistent from the outset, not from subsequent handling.