I'm curious how much vodka and caviar this note would have bought in 1922. All I know is, 100,000 anything seems like a lot. Was this a big shot in its time (in terms of purchasing power), or not? Anybody know? Thanks.
Thanks, and you're right. Azerbaijan, though, of course--along with Finland, Poland, and a half-dozen or more other states--was under czarist control, until 1917. After that, they were independent, but only for a short time. By the time this note was printed, 1922, they were pretty much in--or, on their way to getting in--the new regime (which would be the U.S.S.R.). I'm just wondering what this note's "purchasing power" would have been back then. I mean, I don't think a farmer would have been holding one of these...right? :rolling:
The purchasing power of that note would have been the same as the German & Austrian Notgeld banknotes - declining all the time as the value goes down.History was to repeat itself in Hungary (1945-46),Yugoslavia (1990's) & of course,Zimbabwe (since 1980). Aidan.
At this point in time (1922), the Communists in the old Russian Empire were printing money like it was going out of style (pun intended). They were trying to pay off their debts, and then they would continue printing money until it became worthless. As good Communists, they believed money would eventually go the way of the dodo. These particular Communists were just trying to hurry the process along (how that fit with true Marxism is open to debate). So the purchasing power was limited. And I think Aidan is right. It looks to be from Azerbaijan.
OK, we're getting warmer. Bet the farmer that owned this was saying to himself, "Ya know, 100,000 roubles just don't buy what it used to!" Inflation. Makes sense. Yeah, this is right.
This note from Azerbaidzhan SSR, which by then Soviet Republic. It is inflation note, and not worth much money when printed, and even if it had value there nothing to buy like Vodka, caviar etc. because of war. Most likely this buy small bread.
