Notgeld refers to money issued by an institution in a time of economic or political crisis. The issuing institution is usually one without official sanction from the central government. This occurs usually when sufficient state-produced money is not available from the central bank. Most notably, notgeld generally refers to money produced in Germany and Austria during World War I and the Interbellum. Issuing institutions could be a town's savings banks, municipality and private or state-owned firms. Nearly all issues contained an expiry date, after which time they were invalid. Issues without dates ordinarily had an expiry announced in a newspaper or at the place of issuance.
Collection
Banknotes
Made/Created
Time Period
20th Century
Place of Origin
City
Fraustadt
State/Province
Posen
Country
Germany
Region
Central Europe
Continent
Europe
Banknote Details
Banknote Type
Notgeld
Currency
German Mark
Denomination
50 Pfennig
Issuing Authority
City of Fraustadt
Obverse
Transcription
Notgeld der Stadt Fraustadt
50 50
Der Magistrat
Reihe
Gültig bis 1 Monat nach Aufforderung
FLEMMING-WISKOTT, A. G. GLOGAU
Translation
Emergency money from the city of Fraustadt
50 50
The magistrate
Row
Valid up to 1 month after request
FLEMMING-WISKOTT, A. G. GLOGAU
