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| 正面描述 | Printed in green-blue on plain paper, the obverse is set within a simple decorative border with a vertical guilloche panel along the left margin bearing the institution's name in Cyrillic. The upper portion carries the heading ЭРИВАНСКОЕ ОТДЕЛЕНИЕ ГОСУДАРСТВЕННАГО БАНКА (Erivan Branch of the State Bank) followed by the legend identifying the note as a special current account of the Government of the Republic of Armenia, with series and number designations and the date Erevan, August 1919. The denomination 50 рублей is rendered in large numerals to the right, with the text of the obligation and two ministerial signature lines completing the lower portion. |
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| 正面铭文 | ЭРИВАНСКОЕ ОТДЕЛЕНИЕ ГОСУДАРСТВЕННАГО БАНКА Специальный тек. счет Правительства Республики Армении Сер. Д. 31 № 042 Эривань, Августъ 1919 года руб. 50 РУБ. Предъявитель сего чека иметь получить изъ Эриванскаго Отделения Государственнаго Банка пятьдесятъ рублей. Министръ Председатель — Министръ Финансовъ Настоящій чекъ иметь обязательное хожденіе наравне съ кредитными билетами |
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Armenia's 1919 note issues emerged from a chaotic administrative situation — the Armenian Republic had declared independence in May 1918 but lacked any functioning central bank infrastructure. The Yerevan branch of the former imperial Government Bank effectively became the de facto issuing authority by necessity, not design.
The 50 Rouble denomination from this series was printed under severe material constraints, and the issues are known for inconsistent paper quality and varying ink saturation across sheets. Counterfeiting was rampant in the Caucasus during this period, and the notes circulated alongside Georgian, Azerbaijani, and residual Tsarist issues, often at wildly fluctuating exchange rates.
The Armenian Republic was absorbed into the Soviet system in late 1920, making the entire 1919 series short-lived by political termination rather than monetary reform.