1 Koruna

The Protectorate of Bohemia and Moravia was proclaimed on 15 March 1939, the same day German forces occupied the rump Czech state. This note was among the first fiscal instruments issued under the new administration — the name "Protektorat Böhmen und Mähren" appearing alongside its Czech equivalent was a political act as much as a monetary one, asserting nominal local continuity while subordinating the territory entirely to Reich authority.

Státní tiskárna cenin, the Czech state security printer in Prague, produced the note using its own facilities — continuity in the press, not in the government commissioning it. Heinz and Fojtášek had both worked on pre-occupation Czechoslovak issues.