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5 Rubley

Issuer Emissionniy Bank, Kiev
Year 1941
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Reference(s) P#44
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Obverse lettering Пять рублей
Издано на основании положения об эмиссионном банке
Киев 1941
ЭМИССИОННЫЙ БАНК
Reverse description Uniformly printed in red on white paper with a dense guilloche underprint, the reverse presents a large central numeral '5' in an ornate cartouche flanked by two decorative rosette medallions. Corner numerals '5' appear at all four edges. The denomination is rendered in multiple languages of the Soviet republics in two columns flanking the central vignette, with an anti-counterfeiting warning inscription along the bottom margin.
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Comments

The Emissionniy Bank in Kiev was a German occupation institution, established following the Wehrmacht's capture of the city in September 1941. These notes were introduced as part of the broader Reichskommissariat Ukraine monetary apparatus — instruments of economic control rather than ordinary banking instruments. The occupation authorities were deliberate about maintaining a functioning currency to suppress barter and extract resources from the occupied population.

Pick 44 belongs to a series printed for Ukrainian territory specifically, distinct from the Reichskreditkassen notes used in other occupied zones. Survivors tend to show light use; the occupation collapsed faster than the currency infrastructure could be wound down.

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