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1 Gulden Treasury Note

Issuer Government of Netherlands East Indies
Year 1920
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Value 1 Gulden
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Obverse description Printed in green and blue on a beige underprint, the face carries no central vignette, relying instead on typographic composition and fine guilloche work for its design. A series prefix of one or two black letters accompanies a six-digit serial number rendered in red. Dutch-language inscriptions identify the note as a Muntbiljet of the Netherlands Indies, with the registered date of 1 January 1920 at Batavia.
Obverse lettering NEDERLANDSCH-INDIE MUNTBILJET Groot EEN GULDEN Wordt in betaling hangenomen door De Javasche Bank en aan alle landskassen inwisselbaar in zilver na aankondiging. Geregistreerd: Batavia, 1 Januari 1920.
(Translation: Netherlands Indies Coin Note One Gulden Will be collected for payment by De Javasche Bank and can be exchanged for silver at all national treasuries after announcement. Registered: Batavia, January 1, 1920.)
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The Netherlands East Indies government issued this note directly through the treasury rather than through the Javasche Bank, the colonial central bank. That distinction mattered: treasury notes of this denomination were intended to fill a practical gap in small-denomination circulation that the Javasche Bank's charter did not comfortably accommodate. De Bussy was a well-established Amsterdam commercial printer rather than a specialist security printer, which is reflected in the relatively modest production values of the series.

The 1920 date places this note in the immediate postwar adjustment period, when colonial commodity revenues — particularly from sugar and rubber — were still inflated, creating unusual demand for small-denomination paper in everyday market transactions across Java.