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1 Krone
| Issuer | Oesterreichisch-ungarische Bank |
|---|---|
| Year | 1916 |
| Type | Standard circulation banknote |
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| Composition | Log in to see details |
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|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | Dark brown and red bicolour design with a central octagonal vignette bearing a female portrait on a red guilloche ground. A square panel at upper left carries the denomination in nine languages within an ornamental border. Serial number and series number appear at lower left and right respectively. |
| Reverse lettering | JEDNA KORUNA JEDNA KORONA ОДНА КОРОНА ENA KORONA ENA KRONA JEDNA KRUNA ЈЕДНА КРУНА UNA CORDANA DIE NACHMACHUNG DER BANKNOTEN WIRD GESETZLICH BESTRAFT A BANKJEGYEK UTÁNZÁSA A TÖRVÉNY SZERINT BÜNTETTETIK No. |
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| Comments |
The Oesterreichisch-ungarische Bank issued this note deep into the First World War, when the Austro-Hungarian monetary system was under severe strain from war financing. By 1916, inflation was accelerating and the empire was printing small-denomination notes partly to address a chronic shortage of coin — silver and copper had been hoarded or redirected to the war effort, pulling metal out of everyday commerce.
P#20 is one of the more common survivors of the series, but the paper itself is notoriously fragile: wartime stock was of reduced quality, and many examples have not aged well.