From the history of Armenian coins: No coins minted in Armenia in 1918-1924In 1924, the USSR government ruled to replace all bank notes circulated in Transcaucasia with the USSR currency of single design. In 1922, the Federation of Socialist Soviet Republics of Transcaucasia (FSSRT) was formed to include Soviet Socialist Republics of Armenia, Georgia and Azerbaijan, with a relevant treaty signed March 12, 1922 in Tiflis (Tbilisi). November 1, 2013 PanARMENIAN.Net - Description of FSSRT currency FSSRT issued paper currency dated 1923, with a face value of 1 thous., 5 thous., 10 thous., 25 thous., 50 thous., 100 thous., 250 thous., 500 thous., 1 million, 5 million and 10 million rubles. The banknotes carried inscriptions in Russian, Armenian, Georgian and Azerbaijani languages. The 1923 issue banknotes were one-type, in varying colors, with the reverse featuring the Tiflis-located Federation building and the obverse carrying the Federation coat of arms.
1000 ruble 1923 FSSRT banknote The obverse of the banknotes featured signatures of the heads of the 3 republics – A. Myasnikyan, B. Mdivani and N. Narimanov. Soon, FSSRT was renamed into the Transcaucasian Socialist Federative Soviet Republic (TSFSR,) which was a constituent republic of the Soviet Union. TSFSR issued new banknotes dated 1924. Description of TSFSR currency The TSFSR paper currency came in two types. First type included banknotes with a face value of 25 million, 50 million and 100 million rubles, fully repeating the 1923 issues except in coloring. The second type featured banknotes with a face value of 50 million, 75 million, 250 million, as well as 1 and 10 billion rubles. A 10 billion ruble banknote, though issued, never entered into circulation. The currency carried inscriptions in Russian, Armenian, Georgian and Azerbaijani languages. The multi-color banknotes featured the TSFSR coat of arms and other images. The obverse of the bank notes featured signature of the Chairman of the Council of People's Commissars M. Orakhelashvili and Acting People’s Commissar of Finance D. Huseynov.
100 million and 1 billion ruble 1924 TSFSR banknotes Nominal value of the currency testified to the extent of the ruble's inflation, which not only Armenia and Transcaucasia, but also Russia faced at the time. No coins were minted or circulated in Armenia in 1918 through 1924. Upon formation of the Union of Soviet Socialist Republics in 1922, and in accordance with the currency reform in 1924, the USSR government ruled to replace all bank notes circulated in Transcaucasia with the USSR currency of single design. Description of USSR rubles The single design USSR currency features the inscription of the Union of Soviet Socialist Republics as well as the USSR emblem, and images of workpeople and peasants. The material was prepared in cooperation with Gevorg Mughalyan, the numismatist of the Central Bank of Armenia. Viktoria Araratyan / PanARMENIAN.Net, Varo Rafayelyan / PanARMENIAN Photo | Project partner Most popular in the section Marriages by mail Green tourism on the rise in Syunik This winter is ideal for it The cableway, the shoe and the unicycle More articles in this section The growing trend of human microchipping Means of control or convenience? Holy Etchmiadzin prefers solar energy Church invests in alternative energy sources Friendship heals Social relationships impact physical wellbeing | Armenia, Russia discuss life extension of Metsamor nuclear plant Issues regarding the extension of life of the 2nd power unit of the Armenian Nuclear Power Plant were discussed in Yerevan. Czech-Armenian military cooperation discussed in Yerevan A delegation led by the Director General for the Industrial Cooperation Division of the Ministry of Defence of the Czech Republic visited Armenia. U.S. welcomes efforts to define Armenia-Azerbaijan border The United States welcomes efforts to define the border between Armenia and Azerbaijan, says Vedant Patel. Biden honors resilience of Armenian people on April 24 U.S. President Joe Biden has issued a statement on the 109th anniversary of the Armenian Genocide. |