RSFSR — State currency notes (1923)

The state currency notes of 1923 were the second and last sovznak issue. One rouble of 1923 equalled 100 roubles of the 1922 pattern.

The issue has eleven denominations, from 50 kopecks to 5,000 roubles. Six of them, from 1 to 100 roubles, exist in two versions of the reverse text — seven-line and eight-line; in the catalogue they are the "1st issue" and the "2nd issue". All the notes were printed at the First Moscow Goznak factory, almost all on paper with a corner watermark. Except for the 50 kopecks, they were signed by the People's Commissar of Finance G. Sokolnikov, who succeeded N. Krestinsky, and a cashier.

The seven lower denominations, up to 100 roubles, entered circulation on 1 January 1923, the four higher ones on 9 February 1923. The notes ceased to be accepted on 10 May 1924 and were withdrawn on 31 May 1924 (30 June in the Yakut ASSR). Most denominations are known as specimens, perforated and with a red "ОБРАЗЕЦ" overprint.