USSR — Chervonets (1937)

The chervonets notes of the 1937 pattern are State Bank of the USSR notes in 1, 3, 5 and 10 chervontsev, the last to carry the word "chervonets" and the first Soviet banknotes with a portrait of Lenin.

The portrait follows a drawing by Alfred Eberling, the notes were engraved by Alexander Blum and printed by lithography and the Orlov method. The notes are dated 1937 but entered circulation in January 1938. Unlike the earlier chervontsy, they carry no officials' signatures.

The paper has no watermark. The serial number of two letters and six digits is printed twice, and the series letters come as capitals, lower case or mixed. The chervontsy circulated until the currency reform of 1947 and were withdrawn on 14 December 1947.