The Austro-Hungarian Bank issued this 10 Korona as part of its wartime series, and the 1915 date places it squarely in the middle of the empire's accelerating financial strain. Military expenditure during the First World War forced massive increases in note circulation — the korona's purchasing power was already eroding badly by this point, and inflation would make these notes nearly worthless within a few years.
After the empire's collapse in 1918, successor states including Czechoslovakia, Austria, and Hungary overprinted existing Austro-Hungarian notes to claim them as national currency while border controls were established. Unoverprinted examples of this issue circulated in multiple countries simultaneously under completely different political arrangements.
The Austro-Hungarian Bank issued this 10 Korona as part of its wartime series, and the 1915 date places it squarely in the middle of the empire's accelerating financial strain. Military expenditure during the First World War forced massive increases in note circulation — the korona's purchasing power was already eroding badly by this point, and inflation would make these notes nearly worthless within a few years.
After the empire's collapse in 1918, successor states including Czechoslovakia, Austria, and Hungary overprinted existing Austro-Hungarian notes to claim them as national currency while border controls were established. Unoverprinted examples of this issue circulated in multiple countries simultaneously under completely different political arrangements.