5 NOTGELD Emergency Notes 1920's from GermanyHISTORY:When World War I broke out across Europe, German coinage quickly disappeared. Citizens fearful of losing their wealth began hoarding the coins, resulting in massive shortages. In response, Notgeld or “Emergency Money” paper currency was issued for everyday transactions. Everyone from a bank to a municipality to even private firms issued notes, many displaying beautifully colored and illustrated designs.
5 Notgeld -1920's Germany "Emergency money"