10 Heller Inzersdorf

Inzersdorf was a small municipality southwest of Vienna, absorbed into the city as part of the 1892 and later 1938 annexations — but in 1920, when this note was issued, it was still operating as an independent commune with its own financial headaches. Austrian Kleingeldscheine of this period were a direct consequence of severe small-denomination coin shortages following the collapse of the Habsburg economy; hundreds of municipalities printed their own emergency fractional notes, and most circulated only within their issuing community.

The Heller denomination itself was already near obsolete by 1920, with hyperinflation soon rendering the entire Kleingeldschein series worthless within a few years of issue.