100 Korun

Slovakia's First Republic issued this note during a period when the young state's financial infrastructure was still being assembled under German patronage — the choice of Giesecke & Devrient in Leipzig was not incidental. Most Slovak paper currency of this period was produced in Germany, reflecting the political and economic dependencies of the Tiso regime rather than any shortage of printing capacity elsewhere.

Štefan Bednár was among the few Slovak graphic artists working at a professional level on state commissions during this period. His involvement here places the design within a small, traceable body of wartime Slovak numismatic work.