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10 Heller Grünau
| Issuer | Ortsgemeinde Grünau (Upper Austria) |
|---|---|
| Year | 1920 |
| Type | Local banknote |
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|---|---|
| Obverse lettering | 10 Heller Alm See. Grünau. KB |
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| Reverse lettering | Gutschein der Ortsgemeinde Grünau. Zur Behebung der herrschenden Hartgeldnot gibt die Gemeinde Grünau auf Grund des Gemeindeausschußbeschlusses vom 28. Februar 1920 Gutscheine bis zu einem Betrage von K 20,000 aus und hinterlegt dieser Betrag als Deckung. Diese Gutscheine werden bis 30. November 1920 eingelöst werden. Nachahmung wird bestraft. Der Bürgermeister: Franz Huemer. |
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| Comments |
Austrian Notgeld from the immediate postwar period, when the collapse of the Habsburg monetary system left municipal authorities scrambling to fill a coin shortage that the Vienna government couldn't address. Hundreds of Gemeinden across Upper Austria, Styria, and the Tyrol issued their own emergency Heller notes between 1919 and 1922 — Grünau's issue signed by Franz Huemer is one of the smaller rural examples from that wave.
The coin shortage itself was structural: wartime metal requisitions had stripped copper from circulation, and the new Austrian Republic lacked the capacity to remint fast enough.