Catalog
10 Francs German Occupation - WWII
| Issuer | Grand Duchy of Luxembourg (Luxembourg) |
|---|---|
| Year | 1940 |
| Type | Non-circulating banknote |
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| Obverse description | Black ink on multicolour underprint with guilloche patterning. Portrait vignette of Paul Eyschen at left, rendered in intaglio. Red serial numbers printed in letterpress. |
|---|---|
| Obverse lettering | LETZEBURG ZENG FRANG 10 LETZEBURG, DEN 20.ABREL 1940 (Translation: Luxembourg Ten Francs Luxembourg, April 20th., 1940) |
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| Comments |
When Germany occupied Luxembourg in May 1940, the existing franc-denominated currency was retained rather than immediately replaced — a calculated move that allowed economic absorption without triggering immediate public alarm. This note, printed by Giesecke & Devrient in Leipzig, was issued under that transitional arrangement, during which the Luxembourg franc was pegged at a fixed rate to the Reichsmark and effectively subordinated to the German war economy.
By 1941, the franc was abolished entirely and the Reichsmark imposed outright. Notes from this brief occupation-issue period circulated for little more than a year before being withdrawn.