RSFSR — Chervonets notes (1922)

The chervonets was the unit of the gold-backed currency introduced by the currency reform of 1922. The State Bank of the RSFSR notes in chervontsy entered circulation on 27 November 1922.

Their issue was authorised by a decree of the Council of People's Commissars of 11 October 1922. According to the text on the notes, a chervonets contains 1 zolotnik 78.24 doli of pure gold and will be exchanged for gold once the government sets the start of exchange; notes from 3 chervontsa up were accepted at face value in payment of taxes collected in gold. The design by Vladimir Andrianov follows English pound notes; Goznak printed them.

Specimens of every denomination are known in two kinds — perforated "ОБРАЗЕЦ" and with a red "НЕПЛАТЕЖНЫЙ" and "ОБРАЗЕЦ" overprint. The chervontsy remained in circulation until the currency reform of 1947.